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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 11 Macroeconomic impact of tariff elimination and 25% increase in trade facilitation under Indo-Pacific 4.

From: Indo-Pacific cooperation: what do trade simulations indicate?

 

Welfare effect (US$ million)

Change in real GDP (%)

Change in exports (%)

Change in imports (%)

Indo-Pacific-1

713,565.6

2.73

23.61

29.88

New Zealand

4202.43

2.76

9.68

12.63

China

131,121.1

3.15

11.95

13.73

Korea

38,371.2

3.71

4.55

5.98

ASEAN

61,082.34

4.08

4.87

6.79

Pakistan

3317.69

1.6

2.09

5.52

Sri Lanka

1860.56

4.29

− 4.7

5.59

Bangladesh

1520.84

1.8

8.39

7.08

Canada

98,426.02

5.28

15.59

27.64

Mexico

55,878.04

3.91

11.14

24.26

Chile

4010.65

2.1

5.29

6.45

EU25

− 102,284

− 0.1

1.18

− 3.25

Kenya

938.05

2.71

− 1.08

2.31

Tanzania

223.86

1.77

2.64

− 0.72

Mozambique

96.8

2.46

− 0.27

− 2.69

Mauritius

326.51

4.18

2.82

4.78

South Africa

1019.27

− 0.09

3.29

3.48

Oman

852.91

3.65

2.92

− 1.25

Rest of World

− 147,785

− 0.18

0.39

− 7.83