Trans-Pacific Partnership, positive and negative impacts, Free Trade Agreements, Preferential Trade Agreements, EU-Japan Economic Partnership Agreement, the U.S., Japan, China, ASEAN, and the EU.

The aim of the article is the analysis of the Trans-Pacific Partnership (TPP) in relation to member countries of this partnership. The article introduces the terminological basis of the TPP in part two. In this part of the article is described the level of knowledge, recent theoretical approaches, and their application. The third part of the article is about positive and negative impacts of the TPP. In this key part of the article, the author describes results of research about positive and negative impacts of the TPP. In the fourth part of the article, the author evaluates and also explains opportunities and threats for member countries from the TPP agreement. In the end, it is not clear whether the impacts are positive or negative, based on the results of studies dealing with the impact of the TPP on world trade. Economic models do not provide unambiguous results and therefore cannot decide on accession or block accession to the TPP. It is clear that governments must also consider other important criteria for them. What is more, the agreement between the EU and Japan (EU-Japan Economic Partnership Agreement - EPA) gained prominence for Tokyo when the U.S. President Donald Trump decided to withdraw the U.S. from talks on the TPP.