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

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Table 5 Macroeconomic impact of tariff eliminations and 25% increase in trade facilitation under ‘Indo-Pacific 1’.

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

  Welfare effect (US$ million) Change in real GDP (%) Change in exports (%) Change in imports (%)
New Zealand − 862.72 − 0.07 − 1.87 0.33
Australia 25,562.62 1.72 5.69 − 0.69
China − 18,012.7 − 0.16 − 1.5 − 0.41
Japan 75,767.8 0.9 4.19 − 1.01
Korea − 4992.09 − 0.09 − 1.27 − 0.33
ASEAN − 6648.9 − 0.09 − 1.48 − 0.52
Malaysia − 2184.22 − 0.22 − 1.48 − 0.54
Vietnam − 783.12 − 0.29 − 1.57 − 0.65
South Asia − 859.92 − 0.08 − 1.57 − 0.76
India 31,429.47 1.87 2.21 − 1.09
Canada − 9437.72 − 0.08 − 2.23 − 0.28
USA 85,086.96 0.42 0.26 − 1.1
Latin America − 6668.03 − 0.06 − 1.79 − 0.91
EU25 − 15,625.4 − 0.01 − 1.38 − 1.18
Rest of World − 31,208 − 0.02 − 1.78 − 0.86