How big an impact will Japan’s inclusion in the TPP talks have on the parties to the agreement? Who stands to gain the most?
- With Japan’s inclusion, TPP covers 38% of global GDP and 23% of world exports
- According to Petri et al (2013), Japan’s entry:− Lifts overall TPP gains by US$150 billion by 2025− Trebles the US’s welfare gains from US$24 billion to US$77 billion in 2025− Will push up US exports by 4.4% by 2025, compared to 1.9% without Japan’s inclusion
Graphic Source: http://asiapacifictrade.org/