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

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