31. What does a free-trade area of the Asia-Pacific mean to China
- Author:
- Warwick McKibbin and Tingsong Jiang
- Publication Date:
- 05-2008
- Content Type:
- Working Paper
- Institution:
- Lowy Institute for International Policy
- Abstract:
- A Free Trade Area of the Asia-Pacific (FTAAP) has been proposed as a long-term prospect by the Asia-Pacific Economic Cooperation (APEC). This paper examines the impact of the FTAAP on the national and regional economies in China using a suite of general equilibrium models: APG-Cubed, a dynamic global model; GTAP, a static global model; and CERD, a static China model with regional dimension. The impact on the Chinese economy of the APFTA is also compared with those of other forms of FTAs such as the ASEAN-China FTA (ACFTA) and the East Asia FTA (EAFTA).
- Topic:
- International Trade and Finance and Markets
- Political Geography:
- China, Asia, and Australia/Pacific