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Analysis of the Role of Tariff Concessions in East Asia

Author

Listed:
  • Kenichi Kawasaki

    (National Graduate Institute for Policy Studies)

  • Badri Narayanan G

    (University of Washington Seattle)

  • Houssein Guimbard

    (Centre d'Etudes Prospectives et d'Informations Internationales (CEPII))

  • Arata Kuno

    (Kyorin University)

Abstract

While there are many studies focusing on the impacts of various trade policy agreements across the world in the recent years, there is not much focus in the literature on the extent to which these agreements are implemented later, in terms of the aspects agreed upon therein. In this paper, we firstly identify the past achievements of the Economic Partnership Agreements (EPAs) in East Asian regions in terms of tariff removals and suggest future rooms for further economic benefits from trade liberalization in the region. Secondly, we provide the tariff concession dataset in the GTAP Data Base, which distinguishes the tariff removals agreed in these EPAs in East Asia but not implemented yet, from the existing overall tariffs in the benchmark year. As the standard GTAP Data Base only incorporates enforced tariff reductions through the base year applied tariffs, to analyse future trade integration, it might be worth it to integer commitments that are not yet implemented. We do that at the HS6 levels for East Asian EPAs that allows us to compare the economic impacts of partial versus complete implementation of the trade liberalization agreed in East Asian EPAs. Our results suggest that taking those commitments into account economically matters and that such satellite dataset might be taken as actual baseline for future policy simulations.

Suggested Citation

  • Kenichi Kawasaki & Badri Narayanan G & Houssein Guimbard & Arata Kuno, 2016. "Analysis of the Role of Tariff Concessions in East Asia," GRIPS Discussion Papers 16-21, National Graduate Institute for Policy Studies.
  • Handle: RePEc:ngi:dpaper:16-21
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    References listed on IDEAS

    as
    1. Peter A. Petri & Michael Plummer, 2012. "The Trans-Pacific Partnership and Asia-Pacific Integration: Policy Implications," Policy Briefs PB12-16, Peterson Institute for International Economics.
    2. Peter A. Petri & Michael G. Plummer & Fan Zhai, 2012. "The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6642.
    3. Ken Itakura & Hiro Lee, 2012. "Welfare Changes And Sectoral Adjustments Of Asia-Pacific Countries Under Alternative Sequencings Of Free Trade Agreements," Global Journal of Economics (GJE), World Scientific Publishing Co. Pte. Ltd., vol. 1(02), pages 1-22.
    4. Petri, Peter A., 2012. "The Trans-Pacific Partnership and Asia-Pacific Integration," 2012: New Rules of Trade? December 2012, San Diego, California 143184, International Agricultural Trade Research Consortium.
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