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What might US Withdrawal from the World Trade Organization mean for New Zealand?

Mieke Welvaert, Eliya Torshizian and Milad Maralani
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Mieke Welvaert: New Zealand Institute of Economic Research
Eliya Torshizian: New Zealand Institute of Economic Research
Milad Maralani: New Zealand Institute of Economic Research

No 2020/2, NZIER Working Paper from New Zealand Institute of Economic Research

Abstract: Modelling by NZIER suggests that New Zealand medium term exposure to US withdrawal from World Trade Organisation (WTO) is surprisingly limited. We modelled five different scenarios of global and New Zealand responses to the US imposing tariff rates last seen in the great depression. While impact is negative for both the US and China in all scenarios, the change in New Zealand GDP is less than 1%.

Keywords: cge modelling; trade; WTO (search for similar items in EconPapers)
JEL-codes: C68 F10 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2020-08-11
New Economics Papers: this item is included in nep-int
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