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

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Table 8 Macroeconomic of tariff elimination under ‘Indo-Pacific 3’.

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 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