The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 8 Macroeconomic of tariff elimination under ‘Indo-Pacific 3’.
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 | 372.46 | 0.1 | 1.47 | 2.68 |
Australia | 4183.47 | 0.18 | 2.39 | 5.37 |
China | 5317.79 | 0.17 | 2.89 | 3.83 |
Japan | 14,149.59 | 0.06 | 0.73 | 3.74 |
Korea | 7635.8 | 0.38 | 2.61 | 5.01 |
ASEAN | − 3114.31 | − 0.05 | − 0.37 | − 1.13 |
Malaysia | 1720.69 | 0.36 | 1.69 | 3.45 |
Vietnam | 1580.83 | 2.2 | 6.72 | 9.51 |
South Asia | − 427.58 | − 0.04 | − 0.16 | − 0.83 |
India | 3072.97 | 0.38 | 4.84 | 3.91 |
Canada | 1954.32 | 0.07 | 0.64 | 1.09 |
USA | − 5869.1 | 0 | − 0.08 | − 0.69 |
Latin America | − 1271.39 | − 0.01 | 0.07 | − 0.41 |
EU25 | − 3152.93 | − 0.01 | 0.05 | − 0.14 |
Rest of World | − 7617.07 | − 0.02 | − 0.08 | − 0.48 |