Abstract
This study sought to approximate trade potentials of the TPP Agreement with a special consideration at the level of complementarity. To accomplish the objective, we utilized an augmented gravity model on agriculture and manufacturing sectors, spanning the period 2000-2010. Our results suggested that for manufacturing sector, level of unexhausted inter-regional trade potentials were higher than intra-regional ones. In addition, this paper disclosed that level of complementarity in trading products have implemented its maximum impacts on trade flows within each continental region. Nevertheless, for inter-continental relationships, there is an uncaptured potential to strengthen bonds by taking degree of complementarity into account.
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