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

Total Downloads*
*All language versions across World Bank Repositories (updated daily)
*All language versions across World Bank Repositories (updated daily)
1509
Published
2020-12
Metadata
Abstract
This paper assesses and compares the economic impacts of four actual and potential free trade agreements in the Asia-Pacific Region: the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the original Trans Pacific Partnership, the Regional Comprehensive Economic Partnership, and the Free Trade Area of the Asia-Pacific. Free trade areas with a larger scale and wider membership are expected to produce higher aggregate gains in increased gross domestic product and trade flows. U.S. withdrawal from the original Trans-Pacific Partnership reduced estimated gross domestic product gains for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership countries by about half. For countries belonging to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and also negotiating the Regional Comprehensive Economic Partnership, the potential gains from an agreement with China and the Republic of Korea are substantial, but not as large as if the United States were to rejoin the original Trans-Pacific Partnership. On a sectoral basis, significant structural shifts are observed for food processing, wearing apparel, textiles, and transport equipment.Citation
“Ferrantino, Michael Joseph; Maliszewska, Maryla; Taran, Svitlana. 2020. Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects. Policy Research Working Paper;No. 9496. World Bank, Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/34940 License: CC BY 3.0 IGO.”
Users also downloaded
-
-
-
Related items
Showing items related by title, author, creator and subject.
-
-
-
Follow World Bank Publications on Facebook, Twitter or Linked-In