Potential Impacts of an Exclusionary Trans-Pacific Partnership Agreement on Agriculture in the US and Japan

Jada Thompson and Amanda M. Leister
Additional contact information
Amanda M. Leister: Amanda M. Leister is Assistant Professor at the Department of Agricultural and Resource Economics, Colorado State University, 1172 Campus Delivery, Fort Collins, CO 80523-1172, US, email: amanda.leister@colostate.edu
Authors registered in the RePEc Author Service: Amanda M. Countryman

Margin: The Journal of Applied Economic Research, 2015, vol. 9, issue 4, 362-378

Abstract: The Trans-Pacific Partnership (TPP) is a free trade agreement that hopes to eliminate all tariff and non-tariff trade barriers between 12 participating countries. Japan, the fourth-largest trading partner for the United States, is a significant player in the negotiations. Due to cultural and historical significance it is expected that Japan will ask for exclusions on agricultural products, limiting the overall effectiveness of a fully liberalised agreement. Using a computable general equilibrium modelling framework across varying scenarios, we show the difference between the full liberalisation and potential exclusionary scenarios. Estimates show that a 25 per cent reduction in import tariffs on agricultural commodities in Japan results in a difference of net welfare benefits equal to –USD 7 billion, emphasising the importance of these concessions. JEL Classification: F14, F15, Q17

Keywords: International Trade; Japan; TPP; GTAP; Agriculture; CGE (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0973801015596855 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:mareco:v:9:y:2015:i:4:p:362-378

DOI: 10.1177/0973801015596855

Access Statistics for this article

More articles in Margin: The Journal of Applied Economic Research from National Council of Applied Economic Research
Bibliographic data for series maintained by SAGE Publications ().