Economic effects of Chile FTAs and an eventual CTPP accession

TL;DR

This paper analyzes the economic impact of Chile's free trade agreements with the USA and China, demonstrating welfare improvements, and discusses potential benefits from Chile's accession to the CTPP.

Contribution

It provides an empirical assessment of Chile's FTAs' effects on welfare and extrapolates potential gains from CTPP accession.

Findings

Chile's FTAs increased GDP and welfare for consumers and producers.

Welfare improvements observed after Chile's FTAs with USA and China.

Projected benefits from Chile's accession to the CTPP.

Abstract

In this article, we show the benefits derived from the Chile-USA (in-force Jan, 2004) and Chile-China (in-force Oct, 2006) FTA on GDP consumer and producers to conclude that Chile improved its welfare improved after its subscription. From that point, we extrapolate to show the direct and indirect benefits of CTPP accession.