Percent: Tpp and States

percent: Meanwhile, the FTA with Japan, if realized, is expected to boost the United States' real GDP by 0.38 percent, which is about half the effect of the TPP. Even if the United States lowers Japan's tariff and nontariff barriers to levels equivalent to those under the TPP, the world's largest economy cannot enjoy the same positive effects as from the TPP and its 10 other trading partners, according to The Japan Times. The economic impact on Japan's real GDP is estimated to rise 1.37 percent for the 12-member TPP grouping and 1.07 percent for an FTA with the United States. The activation of the original 12-member TPP, including the United States, would lift the country's real gross domestic product by 0.77 percent, according to an estimate by Kenichi Kawasaki, a professor at the National Graduate Institute for Policy Studies in Tokyo. The gap is not as wide as that for the American economy because the United States is the largest export destination for Japan. The estimates are based on an economic model similar to the one used by the Japanese and U.S. governments to forecast the economic impact of the TPP deal reached in 2015. Meanwhile, if the TPP takes effect with the participation of 11 signatory countries, without the United States, Japan is still expected to enjoy economic effects of 1.11 percent, thanks to the opening of member countries' markets. (news.financializer.com). As reported in the news.