The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 10 Macroeconomic impact of tariff elimination under ‘Indo-Pacific 4’.
From: Indo-Pacific cooperation: what do trade simulations indicate?
| Â | Welfare effect (US$ million) | Change in real GDP (%) | Change in exports (%) | Change in imports (%) |
|---|---|---|---|---|
Indo-Pacific-1 | 40,215.92 | 0.08 | 4.43 | 4.76 |
New Zealand | − 150.53 | − 0.01 | 1.03 | 0.56 |
China | 10,175.66 | 0.24 | 2.49 | 3.24 |
Korea | − 417.01 | 0.1 | 1.49 | 1.78 |
ASEAN | 2471.45 | 0.11 | 0.95 | 1.45 |
Pakistan | 281.11 | 0.19 | 4.05 | 3.38 |
Sri Lanka | 122.73 | 0.2 | 2.42 | 4.23 |
Bangladesh | 168.64 | 0.08 | 5.24 | 5.21 |
Canada | − 2810.68 | 0.04 | 0.69 | − 0.54 |
Mexico | − 2373.83 | 0 | 0.53 | − 0.85 |
Chile | − 81.72 | 0 | 0.24 | 0.12 |
EU25 | − 10,728.26 | − 0.01 | 0.13 | − 0.3 |
Kenya | − 55.88 | 0.11 | 2.77 | 1.11 |
Tanzania | 5.64 | 0.15 | 1.61 | 0.92 |
Mozambique | − 5.53 | 0.03 | 0.44 | 0.57 |
Mauritius | − 18.94 | − 0.02 | 0.14 | − 0.35 |
South Africa | 619.89 | 0.14 | 2.11 | 3.17 |
Oman | − 25.36 | 0.06 | 0.77 | 1.3 |
Rest of World | − 11,289.22 | − 0.02 | − 0.08 | − 0.8 |