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Dynamic Effects of the "New Age" Free Trade Agreement between Japan and Singapore

Author

Listed:
  • Hertel, Thomas W.
  • Terrie Walmsley
  • Ken Itakura

Abstract

As manufacturing tariffs have fallen worldwide, the focus of free trade agreements has shifted towards other issues, including: rules governing foreign investment, e-commerce regulations, trade in services, harmonization of technical standards, sanitary and phyto-sanitary regulations, and the streamlining of customs procedures. Japan and Singapore are undertaking negotiations over this kind of "new-age" FTA. The purpose of this paper is to evaluate the impact of the FTA on production, consumption, trade, international investment flows, GDP and welfare. We use a modified version of the dynamic GTAP Model, which is well-suited to capturing the impact of this new-age FTA over both the short run and the longer run.

Suggested Citation

  • Hertel, Thomas W. & Terrie Walmsley & Ken Itakura, 2001. "Dynamic Effects of the "New Age" Free Trade Agreement between Japan and Singapore," GTAP Working Papers 823, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
    • Handle: RePEc:gta:workpp:823
    Note: GTAP Working Paper No. 15
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    File URL: https://www.gtap.agecon.purdue.edu/resources/res_display.asp?RecordID=823
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    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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