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

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,...

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Main Authors:	Ferrantino, Michael Joseph, Maliszewska, Maryla, Taran, Svitlana
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	TRADE AGREEMENT ASIA-PACIFIC TRADE REGIONAL TRADE TPP CPTPP RCEP TRADE AND INVESTMENT FTA TRANS-PACIFIC PARTNERSHIP
Online Access:	http://documents.worldbank.org/curated/en/599031607956041265/Actual-and-Potential-Trade-Agreements-in-the-Asia-Pacific-Estimated-Effects http://hdl.handle.net/10986/34940

id	okr-10986-34940
recordtype	oai_dc
spelling	okr-10986-349402022-09-20T00:09:53Z Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects Ferrantino, Michael Joseph Maliszewska, Maryla Taran, Svitlana TRADE AGREEMENT ASIA-PACIFIC TRADE REGIONAL TRADE TPP CPTPP RCEP TRADE AND INVESTMENT FTA TRANS-PACIFIC PARTNERSHIP 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. 2020-12-17T15:12:31Z 2020-12-17T15:12:31Z 2020-12 Working Paper http://documents.worldbank.org/curated/en/599031607956041265/Actual-and-Potential-Trade-Agreements-in-the-Asia-Pacific-Estimated-Effects http://hdl.handle.net/10986/34940 English Policy Research Working Paper;No. 9496 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific East Asia North America Oceania
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	TRADE AGREEMENT ASIA-PACIFIC TRADE REGIONAL TRADE TPP CPTPP RCEP TRADE AND INVESTMENT FTA TRANS-PACIFIC PARTNERSHIP
spellingShingle	TRADE AGREEMENT ASIA-PACIFIC TRADE REGIONAL TRADE TPP CPTPP RCEP TRADE AND INVESTMENT FTA TRANS-PACIFIC PARTNERSHIP Ferrantino, Michael Joseph Maliszewska, Maryla Taran, Svitlana Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects
geographic_facet	East Asia and Pacific East Asia North America Oceania
relation	Policy Research Working Paper;No. 9496
description	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.
format	Working Paper
author	Ferrantino, Michael Joseph Maliszewska, Maryla Taran, Svitlana
author_facet	Ferrantino, Michael Joseph Maliszewska, Maryla Taran, Svitlana
author_sort	Ferrantino, Michael Joseph
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/599031607956041265/Actual-and-Potential-Trade-Agreements-in-the-Asia-Pacific-Estimated-Effects http://hdl.handle.net/10986/34940
_version_	1764481977247858688

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

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