Impact of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on New Zealand Economy
The 11 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed the new agreement in Chile on March 8
In this report we examine the potential benefits of the CPTPP from reductions in tariffs, tariff-rate quotas on dairy, non-tariff measures on goods and services, and trade facilitation on the New Zealand Economy using the Dynamic ImpactECON model. We find gains for the New Zealand economy of between 0.3% and 1.02%. New Zealand’s exports also rise by between 0.7 and 3.1 per cent, with the strongest growth occurring in the processed food sector.