02123cas a2200241 a 4500 AALejournalIMF016805 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484362426 1018-5941 BD-DhAAL BD-DhAAL Cerdeiro, Diego. Estimating the Effects of the Trans-Pacific Partnership (TPP) on Latin America and the Caribbean (LAC) / Diego Cerdeiro. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In February 2016, twelve Pacific Rim countries signed the agreement on the Trans Pacific Partnership (TPP), one of the largest and most comprehensive trade deals in history. While there are several estimates of the likely effects of the TPP, there is no systematic study on the effects on all Latin American countries. We present the results from applying a multi-sector model with perfect competition presented by Costinot and Rodriguez-Clare (2014). The exercise, based on input-output data for 189 countries and 26 sectors, shows that (i) Asian TPP members are estimated to benefit most from the agreement, (ii) negative spillovers to non-TPP LAC countries appear to be of a different order of magnitude than the gains of members, and (iii) some non-TPP LAC countries may experience relatively large benefits from joining the TPP. As a cautionary note, however, we point out that even a cursory cross-study comparison shows that there is considerable uncertainty regarding the potential effects of the TPP for both members and non-members. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2016/101 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/101/001.2016.issue-101-en.xml IMF e-Library