The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 7 Macroeconomic impact under Indo-Pacific 2: tariff eliminations and 25% increase in trade facilitation.
From: Indo-Pacific cooperation: what do trade simulations indicate?
| Â | Welfare effect (US$ million) | Change in real GDP (%) | Change in exports (%) | Change in imports (%) |
|---|---|---|---|---|
New Zealand | − 1525.68 | − 0.13 | − 1.15 | − 8.43 |
Australia | 32,700.6 | 2.65 | 11.2 | 23.94 |
China | − 42,474.8 | − 0.43 | − 2.82 | − 6.85 |
Japan | 110,830 | 1.49 | 3.2 | 20.48 |
Korea | − 11,997.8 | − 0.22 | − 0.75 | − 5.21 |
ASEAN | 80,735.86 | 5.06 | 10.85 | 20.51 |
Malaysia | 35,770.2 | 11.5 | 13.37 | 28.21 |
Vietnam | 15,567.44 | 13.9 | 2.19 | 22.29 |
South Asia | 12,929.77 | 3.66 | 14.48 | 20.31 |
India | 49,425.86 | 3.26 | 15.79 | 16.93 |
Canada | − 14,326 | − 0.12 | − 0.46 | − 5.93 |
USA | 126,847.5 | 0.7 | 8.91 | 8.58 |
Latin America | − 12,063.1 | − 0.1 | 0.71 | − 3.61 |
EU25 | − 36,569.8 | − 0.04 | 0.56 | − 1.32 |
Rest of World | − 60,021.7 | − 0.06 | − 0.04 | − 3.2 |