The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 6 Macroeconomic impact of tariff eliminations under ‘Indo-Pacific 2: Indo-Pacific 1 + Rest of South Asia + Rest of ASEAN’.
From: Indo-Pacific cooperation: what do trade simulations indicate?
| Â | Welfare effect (US$ million) | Change in real GDP (%) | Change in exports (%) | Change in imports (%) |
|---|---|---|---|---|
New Zealand | − 213.73 | − 0.02 | − 0.14 | − 1.06 |
Australia | 2775.99 | 0.12 | 1.44 | 3.42 |
China | − 4782.63 | − 0.06 | − 0.28 | − 0.61 |
Japan | 7708.29 | 0.06 | 0.78 | 2.17 |
Korea | − 1004.13 | − 0.02 | − 0.07 | − 0.43 |
ASEAN | 5031.04 | 0.17 | 1.42 | 2.7 |
Malaysia | − 314.79 | − 0.02 | 0.2 | 0.17 |
Vietnam | 78.51 | 0.02 | 0.28 | 0.89 |
South Asia | 1294.74 | 0.32 | 6.71 | 6.75 |
India | 6640.85 | 0.58 | 5.13 | 4.55 |
Canada | − 966.25 | 0 | 0.05 | − 0.36 |
USA | 3415.48 | 0.01 | 0.95 | 0.71 |
Latin America | − 1188.31 | − 0.01 | 0.05 | − 0.38 |
EU25 | − 2438.33 | 0 | 0.04 | − 0.11 |
Rest of World | − 4902.03 | − 0.01 | − 0.02 | − 0.29 |