Impacts of Japanese FTAs/EPAs: Post Evaluation from the Initial Data

Mitsuyo Ando

Discussion papers from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: This paper attempted to assess impacts of existing Japanese EPAs in their initial years and to draw policy implications for possible future FTAs/EPAs. Our gravity model estimations as well as detailed analysis on trade and actual tariff reduction by EPAs demonstrated that the Japan-Singapore EPA has almost no direct impact on trade since actual reduction of tariffs by the EPA is quite limited. On the other hand, our empirical investigation confirmed a certain degree of positive impact of the Japan-Mexico EPA on trade, particularly on the export side, and investment. Several important outcomes of the EPA beyond tariff removal are also revealed. Discussion on future designs of FTAs/EPAs includes issues on some possible abuse of phasing out tariffs, desirable structure of EPA tariffs, effective utilization of EPAs beyond trade liberalization, and the relationship with multilateral trade liberalization.

Pages: 32 pages
Date: 2007-06
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Persistent link: https://EconPapers.repec.org/RePEc:eti:dpaper:07041

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