The South Korean government on Monday released a preliminary assessment estimating that joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) would leave real GDP 0.38 percentage points higher 10 years after the agreement takes effect than if Seoul remained outside. Manufacturing-related production effects would increase by an annual average of $4.6 billion (6.3 trillion won) to $4.9 billion (6.7 trillion won) over 15 years, including about $809 million (1.1 trillion won) to $883 million (1.2 trillion won) linked to small- and medium-sized companies.

The same modeling projects annual production losses of about $522.5 million (710 billion won) in