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No trans-pacific partnership? Good or bad for Mexico?

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Ortiz Valverde, Gabriela and Latorre Muñoz, María Concepción (2017) No trans-pacific partnership? Good or bad for Mexico? Journal of International Trade Law and Policy, 16 (2). pp. 106-123. ISSN 1477-0024

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Official URL: https://doi.org/10.1108/JITLP-10-2016-0027



Abstract

Purpose: The purpose of this paper is as follows: first, it aims to explain the overall economic implications of the trans-pacific partnership (TPP). Second, it aims to provide an in-depth analysis of the TPP’s quantitative impact on an upper-middle economy such as Mexico, as well as on the USA. Design/methodology/approach: The analysis is performed using a computable general equilibrium (CGE) model. Findings: The results suggest that in the short run, both Mexico and the USA would slightly benefit from the TPP. Tariff reductions would lead to less bilateral trade between Mexico and the USA and the stronger integration of both countries with the rest of the TPP members. The opposite is true after a decrease in non-tariff barriers (NTBs). Overall, in terms of the impact on Mexico, trade integration with the rest of the TPP members prevails. This suggests that a TPP without the USA could still be beneficial. Originality/value: Previous studies on the TPP have mainly focused on its impact for the USA, which is also analysed in the present study. The effects of the TPP are estimated for a broad set of micro and macroeconomic variables, paying particular attention to the reductions of NTBs.


Item Type:Article
Uncontrolled Keywords:Computable general equilibrium (CGE), Mega-regional trade agreements (MRTAs), Non-tariffs barriers (NTBs), Preferential liberalization.
Subjects:Social sciences > Economics > World economy
JEL:C68, F14, F15, F17
ID Code:57220
Deposited On:04 Oct 2019 09:09
Last Modified:04 Oct 2019 10:37

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