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

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Table 7 Macroeconomic impact under Indo-Pacific 2: tariff eliminations and 25% increase in trade facilitation.

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 − 1525.68 − 0.13 − 1.15 − 8.43
Australia 32,700.6 2.65 11.2 23.94
China − 42,474.8 − 0.43 − 2.82 − 6.85
Japan 110,830 1.49 3.2 20.48
Korea − 11,997.8 − 0.22 − 0.75 − 5.21
ASEAN 80,735.86 5.06 10.85 20.51
Malaysia 35,770.2 11.5 13.37 28.21
Vietnam 15,567.44 13.9 2.19 22.29
South Asia 12,929.77 3.66 14.48 20.31
India 49,425.86 3.26 15.79 16.93
Canada − 14,326 − 0.12 − 0.46 − 5.93
USA 126,847.5 0.7 8.91 8.58
Latin America − 12,063.1 − 0.1 0.71 − 3.61
EU25 − 36,569.8 − 0.04 0.56 − 1.32
Rest of World − 60,021.7 − 0.06 − 0.04 − 3.2