Economic Impact of the United States withdrawal from Trans-Pacific Partnership on Canada: A Computable General Equilibrium Based Analysis

Abstract

This study assesses the likely economic impact of Trans-Pacific Partnership (TPP) and Comprehensive
and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Canada’s economy in 2030. The
analysis was accomplished by building a static Computable General Equilibrium (CGE). And running
three simulation scenarios: (i) Baseline scenario; the study developed a growth projection model to
simulate the economic and trade growth in 2030. (ii), TPP12 scenario; the study assumed that the TPP
agreement would be fully implemented by 2030. (iii) TPP11 scenario; the study simulated CPTPP
agreement, assuming that 11 Pacific-Rim countries do business in spite of the absence of the US.