ECA

Industry modelling shows TPP will add $15.6 billion to Australia’s GDP

05.09.2018 Heath Baker

The ECA is proud to partner with other major industry associations on a report modelling the benefits the TPP-11. The report, written by internationally-respected economists, finds that Australia’s GDP in 2030 will be $15.6 billion higher under the TPP-11.

It finds that the ‘open architecture’ of the agreement means that more economies can join it, enhancing the benefits for all the members. If the five countries additional that have expressed a ‘strong desire’ to enter the agreement do so, the benefit to Australia would grow to $22.1bn.

It is critical that the Australian Parliament ratify the agreement.

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