《Table 2.Real Income Change Caused by FTAs by 2030》

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《Understanding the Comprehensive and Progressive Agreement for Trans-Pacific Partnership》

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Before and after the United States announced its withdrawal from the TPP，many domestic and foreign scholars conducted extensive research on the potential impact of the TPP 11 on its benefits and the imports&exports.For instance，according to a study by Peter Petri et al.，the global income gains of the TPP 11 will fall significantly to 147 billion USD from the TPP’s 492 billion USD，marking a two-thirds decrease.Furthermore，every member will suffer from lower income gains（See Table 2）.However，for countries such as Canada，Mexico，and Australia，things will be relatively optimistic.On the one hand，they have signed FTAs with the United States and are less affected by the US withdrawal.On the other hand，these countries are expected to benefit from the opening of other third-party markets such as Japan.2