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

Journal of Economic Structures Cover Image

Table 3 Macroeconomic impact of tariff eliminations under ‘Indo-Pacific 1’.

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

Country Welfare effect (US$ million) Change in real GDP (%) Change in exports (%) Change in imports (%)
New Zealand − 144.51 − 0.01 − 0.09 − 0.71
Australia 2767.05 0.11 1.27 3.25
China − 1788.54 − 0.01 − 0.09 − 0.26
Japan 5035.89 0.05 0.58 1.44
Korea − 447.34 − 0.01 − 0.02 − 0.19
ASEAN − 683.2 − 0.01 − 0.03 − 0.17
Malaysia − 202.99 − 0.02 − 0.03 − 0.15
Vietnam − 92 − 0.04 − 0.03 − 0.2
South Asia − 117.22 − 0.01 − 0.06 − 0.26
India 2692.39 0.23 2.45 2.34
Canada − 793.28 0 0.03 − 0.28
USA 3686.21 0.01 0.56 0.58
Latin America − 695.98 0 0.05 − 0.19
EU25 − 1043.17 0 0.03 − 0.05
Rest of World − 2998.4 0 0.01 − 0.14