Seminar by Hiro Lee: Agricultural Policy Reforms and the Implications of Trans-Pacific Partnership for Japan
This seminar will examine welfare effects and the extent of sectoral adjustments under the proposed Trans-Pacific Partnership agreement from the perspective of Japan. The results of CGE model simulations suggest that by 2030 Japan's welfare gain would exceed 1.5%, but output of some agricultural products would contract sharply. If agricultural policy reforms lead to an improvement in productivity of agricultural sectors, the extent of output contraction would be reduced significantly except for dairy products. This suggests the importance of carrying out agricultural policy reforms in Japan for region-wide trade accords.
source from: http://www.adb.org/news/events/seminar-hiro-lee-agricultural-policy-reforms-and-implications-trans-pacific-partnership