Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects

This paper assesses and compares economic impacts of four actual and potential free trade agreements in the Asia-Pacific Region; Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP, sometimes also called TPP-11), the origin...

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Main Authors:	Ferrantino, Michael J., Maliszewska, Maryla, Taran, Svitlana
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	CGE MODEL TRADE AGREEMENTS TRADE POLICY REGIONAL INTEGRATION FREE TRADE AREA TRANS PACIFIC PARTNERSHIP
Online Access:	http://documents.worldbank.org/curated/en/171731585114146413/Actual-and-Potential-Trade-Agreements-in-the-Asia-Pacific-Estimated-Effects http://hdl.handle.net/10986/33549

id	okr-10986-33549
recordtype	oai_dc
spelling	okr-10986-335492021-05-25T09:47:49Z Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects Ferrantino, Michael J. Maliszewska, Maryla Taran, Svitlana CGE MODEL TRADE AGREEMENTS TRADE POLICY REGIONAL INTEGRATION FREE TRADE AREA TRANS PACIFIC PARTNERSHIP This paper assesses and compares economic impacts of four actual and potential free trade agreements in the Asia-Pacific Region; Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP, sometimes also called TPP-11), the original Trans Pacific Partnership (TPP-12), the Regional Comprehensive Economic Partnership (RCEP), and the Free Trade Area of the Asia-Pacific (FTAAP). FTAs with a larger scale and wider membership are expected to produce higher aggregate gains in terms of increased GDP and trade flows. U.S. withdrawal from TPP-12 reduced estimated GDP gains for the TPP-11 countries by about half. For countries belonging to CPTPP and also negotiating RCEP, the potential gains from an agreement with both China and Korea are substantial, but not as large as if the United States were to re-join TPP-12. On a sectoral basis, significant structural shifts are observed for such sectors as food processing, wearing apparel, textiles, and transport equipment. 2020-04-09T14:34:16Z 2020-04-09T14:34:16Z 2019-10 Report http://documents.worldbank.org/curated/en/171731585114146413/Actual-and-Potential-Trade-Agreements-in-the-Asia-Pacific-Estimated-Effects http://hdl.handle.net/10986/33549 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study East Asia and Pacific Asia East Asia North America Oceania China Korea, Republic of United States
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CGE MODEL TRADE AGREEMENTS TRADE POLICY REGIONAL INTEGRATION FREE TRADE AREA TRANS PACIFIC PARTNERSHIP
spellingShingle	CGE MODEL TRADE AGREEMENTS TRADE POLICY REGIONAL INTEGRATION FREE TRADE AREA TRANS PACIFIC PARTNERSHIP Ferrantino, Michael J. Maliszewska, Maryla Taran, Svitlana Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects
geographic_facet	East Asia and Pacific Asia East Asia North America Oceania China Korea, Republic of United States
description	This paper assesses and compares economic impacts of four actual and potential free trade agreements in the Asia-Pacific Region; Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP, sometimes also called TPP-11), the original Trans Pacific Partnership (TPP-12), the Regional Comprehensive Economic Partnership (RCEP), and the Free Trade Area of the Asia-Pacific (FTAAP). FTAs with a larger scale and wider membership are expected to produce higher aggregate gains in terms of increased GDP and trade flows. U.S. withdrawal from TPP-12 reduced estimated GDP gains for the TPP-11 countries by about half. For countries belonging to CPTPP and also negotiating RCEP, the potential gains from an agreement with both China and Korea are substantial, but not as large as if the United States were to re-join TPP-12. On a sectoral basis, significant structural shifts are observed for such sectors as food processing, wearing apparel, textiles, and transport equipment.
format	Report
author	Ferrantino, Michael J. Maliszewska, Maryla Taran, Svitlana
author_facet	Ferrantino, Michael J. Maliszewska, Maryla Taran, Svitlana
author_sort	Ferrantino, Michael J.
title	Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects
title_short	Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects
title_full	Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects
title_fullStr	Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects
title_full_unstemmed	Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects
title_sort	actual and potential trade agreements in the asia-pacific : estimated effects
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/171731585114146413/Actual-and-Potential-Trade-Agreements-in-the-Asia-Pacific-Estimated-Effects http://hdl.handle.net/10986/33549
_version_	1764479003908898816

Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects

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