The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 9 Macroeconomic impact of tariff elimination and 25% increase in trade facilitation under Indo-Pacific 3.
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 | 6382.73 | 3.41 | 11.06 | 22.36 |
Australia | 40,844.5 | 2.74 | 10.8 | 28.85 |
China | 140,357.3 | 3.58 | 16.03 | 19.96 |
Japan | 117,916.8 | 1.52 | 3.2 | 23.45 |
Korea | 83,731.05 | 5.5 | 11.72 | 26.69 |
ASEAN | − 20,919.7 | − 0.28 | − 3.14 | − 8.34 |
Malaysia | 28,306.52 | 8.89 | 9.77 | 21.05 |
Vietnam | 15,659.16 | 17.8 | 5.95 | 24 |
South Asia | − 1520.01 | − 0.19 | − 1.3 | − 3.22 |
India | 34,130.96 | 2.44 | 14.97 | 13.76 |
Canada | 25,541.9 | 1.4 | 3.04 | 6.4 |
USA | − 39,889.7 | − 0.03 | − 1.83 | − 4.98 |
Latin America | − 9862.62 | − 0.09 | 0.18 | − 2.75 |
EU25 | − 19,052.4 | − 0.05 | 0.07 | − 0.93 |
Rest of World | − 72,676.3 | − 0.12 | − 0.31 | − 3.4 |