U.S. International Trade Commission estimate The U.S. International Trade Commission estimates that "TPP would have positive effects, albeit small as a percentage of the overall size of the U.S. economy". There will be 128,000 more full-time jobs. By 2032, U.S. annual real income would increase by 0.23%, real GDP would be $42.7 billion or 0.15% higher, employment would be 0.07% higher, US exports would increase 1%, and imports would increase 1.1%. The report added, "TPP would generally establish trade-related disciplines that strengthen and harmonize regulations, increase certainty, and decrease trade costs for firms that trade and invest in the TPP region." Vietnam is often seen as the biggest beneficiary of TPP. The U.S. International Trade Commission identifies the following US industries as net beneficiaries of TPP: Passenger cars; Apparel, Dairy production; Retailers and Wholesalers; and Business services; and as net losers: Auto parts; Textiles; Soybean production; Transportation and tourism; and Chemicals and drugs. Office of the Chief Economist at Global Affairs Canada report According to a report by the Office of the Chief Economist at Global Affairs Canada, ratification of TPP would increase Canada's GDP by $4.3 billion by 2040. This is primarily due to the preferential access it would receive to markets in the Asia-Pacific rim. According to the report, ratification by the other TPP signatories but a failure by Canada to ratify the agreement would lead Canada to face estimated GDP losses of $5.3 billion by 2040. Peterson Institute for International Economics report Economists Peter A. Petri and Michael G. Plummer of the Peterson Institute for International Economics project that the TPP would increase incomes in the U.S. by $131 billion annually, or 0.5 percent of GDP. Exports from the U.S. would increase by $357 billion annually, or 9.1 percent, as a result of the agreement. However, two Tufts University economists argue that the research by Petri relies on unrealistic assumptions such as full employment: lost jobs will be immediately replaced in other industrial sectors. According to Harvard economist Dani Rodrik, "Petri and Plummer assume that labor markets are sufficiently flexible that job losses in adversely affected parts of the economy are necessarily offset by job gains elsewhere. Unemployment is ruled out from the start – a built-in outcome of the model that TPP proponents often fudge." Rodrik notes that "the Petri-Plummer model is squarely rooted in decades of academic trade modeling, which makes a sharp distinction between