| ID | 142016 |
| Title Proper | Potential impacts of an exclusionary trans-pacific partnership agreement on agriculture in the US and Japan |
| Language | ENG |
| Author | Thompson, Jada M |
| Summary / Abstract (Note) | The Trans-Pacific Partnership (TPP) is a free trade agreement that hopes to eliminate all tariff and non-tariff trade barriers between 12 participating countries. Japan, the fourth-largest trading partner for the United States, is a significant player in the negotiations. Due to cultural and historical significance it is expected that Japan will ask for exclusions on agricultural products, limiting the overall effectiveness of a fully liberalised agreement. Using a computable general equilibrium modelling framework across varying scenarios, we show the difference between the full liberalisation and potential exclusionary scenarios. Estimates show that a 25 per cent reduction in import tariffs on agricultural commodities in Japan results in a difference of net welfare benefits equal to –USD 7 billion, emphasising the importance of these concessions. |
| `In' analytical Note | Margin Vol. 9, No.4; Nov 2015: p.362-378 |
| Journal Source | Margin 2015-12 9, 4 |
| Key Words | International Trade ; Agriculture ; Japan ; CGE ; GTAP ; TPP |