Growing Together: Economic Integration for an Inclusive and - escap

FIGURE TITLE
II.16. Welfare gains from region-wide liberalization
Source: ESCAP based John Gilbert (2012).
TABLE TITLE
II.10. Summary of welfare gains in the simulations
Region
South-East Asia
South and South-West Asia
Asia and the Pacific
Pacific
East and North-East Asia
North and Central Asia
0.0 0.4 0.8 1.2 1.6 2.0
Annual welfare gains for the Asia-Pacific subregions, as per centage of the
region's GDP
Liberalization
of trade among
PACER+,
ASEAN, SAFTA
and ECOTA
With trade
facilitation
Liberalization
of trade among
and between
PACER+,
ASEAN, SAFTA
and ECOTA
CEPEA (ASEAN plus Japan,
Republic of Korea, China, India,
Australia and New Zealand)
Without trade
facilitation
With trade facilitation
Without trade facilitation
With trade
facilitation
A free trade agreement
encompassing all members of
ESCAP
Without trade
facilitation
With trade
facilitation
Millions of US dollars
LDCs 752 936 4 286 395 1 234
LLDCs 1 274 1 256 0 0 840 1 864
SIDs 333 534 0 0 214 526
Other 23 365 46 525 59 247 84 717 101 445 136 609
Percentage of the GDP
LDCs 0.58 0.72 0.01 0.98 0.30 0.95
LLDCs 1.10 1.09 0.53 1.18
SIDs 1.28 2.05 0.82 2.02
Other 0.66 1.32 0.54 0.77 0.78 1.05
Source: ESCAP based on John Gilbert (2012).
Notes: Welfare gains for the GTAP regions included in each grouping. For PACER+, ASEAN, SAFTA and ECOTA the LDCs are Cambodia, Lao People’s
Democratic Republic, Rest of South-East Asia, Bangladesh and Rest of South Asia; the LLDCs are Kazakhstan, Kyrgyzstan, Rest of Central Asia and
Azerbaijan; and the SIDs are the Pacific Islands. For CEPEA, the LDCs are Cambodia, Lao People’s Democratic Republic and Rest of South-East Asia.
For APTA II, the LDCs and SIDs are the same as for PACER+, ASEAN, SAFTA and ECOTA, but the LLDCs also include the Rest of East Asia and Armenia.
56