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

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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