Mega-Regional Trade Agreements

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Presentation transcript:

Mega-Regional Trade Agreements Dr. Joshua P. Meltzer Brookings Institution

Economic Growth Occurring Outside the U.S. Source: World Economic Outlook, International Monetary Fund, 2013.

Global Middle Class - 2009 Share of Global Totals 36% Europe 18% North America 28% Asia Pacific Source: Kharas and Gertz, “The New Global Middle Class,” 2010

Global Middle Class - 2030 Share of Global Totals 14% Europe 7% North America 66% Asia Pacific Source: Kharas and Gertz, “The New Global Middle Class,” 2010

Global middle class consumption in 2000 $17 trillion

Global middle class consumption in 2020 $35 trillion

U.S. Exports Share of GDP Growth 2013 37% 61% Source: Export Nation 2013, Brookings.

Job creation through exports $1 billion in exports supports 5,600 Jobs

$1 billion in exports supports 5,400 goods jobs 5,900 services jobs

Trans Pacific Partnership (TPP) Share of Global GDP 39% Share of World Trade 27% Note: Data for year 2012. Trade in goods. Source: IMF World Economic Outlook and Direction of Trade Statistics

Transatlantic Trade and Investment Partnership (TTIP) Share of Global GDP 46% Share of World Trade 42% Note: Data for year 2012. Trade in goods. Source: IMF World Economic Outlook and Direction of Trade Statistics

Trade in International Services Agreement (TISA) Share of Global GDP 68% Share of World Trade 63% Note: Data for year 2012. Trade in goods. Source: IMF World Economic Outlook and Direction of Trade Statistics

World Trade Organization (WTO) Share of Global GDP 97% Share of World Trade 95% Source: WTO