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GTAP Resources: Resource Display

GTAP Resource #6700

"An Economic analysis of UK joining in Asia-Pacific Trade pact with the CPTPP "
by Khan, Muhammad Omer and Muhammad Aamir Khan

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is one of the Mega Regional Trade agreements with the main objective of liberalized trade among the fast-growing Asia Pacific member countries. CPTPP (formerly TTP) members consist of eleven countries in wake of the secession of the United States (US). After Brexit, the United Kingdom (UK) government seeking new trade agreements with a major focus on trade in goods between the UK and non-EU countries. The UK recently applies to join CPTPP. Against this backdrop, this research quantitively seeks the economic impact of the UK joining CPTPP using the Global computable general equilibrium (CGE) approach. Results show that if United Kingdom joins CPTPP, there is optimistic and encouraging growth in UK’s economy. However, countries like China, EU-27, India, and Brazil have adverse implications. This research indicates that UK membership in CPTPP would not only boost UK economy but also result in an expansion in real factor return of the UK resulting in higher investment and employment in the country.

Resource Details (Export Citation) GTAP Keywords
Category: Other CGE Application
Status: Published
Date: 2021
Created: Khan, M. (8/23/2022)
Updated: Batta, G. (8/23/2022)
Visits: 162
- Economic development
- Economic growth
- Trade in services
- Trade in textiles and wearing apparel
- Europe (Eastern)
- Europe (Northern)
- Europe (Southern)
- Europe (Western)
- European Union

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