On the different geographic characteristics of Free Trade Agreements and Customs Unions
نویسندگان
چکیده
منابع مشابه
Free Trade Agreements versus Customs Unions:
Overlapping bilateral free trade agreements (FTAs) are proliferating in East Asia. Quite a few economists worry about the spaghetti bowl phenomenon expected from the proliferating East Asian regional trade agreements (RTAs).The complicated web of hub-and-spoke type of FTAs can result in high costs for verifying rules of origin (RoO). As an alternative policy option to avoid the negative effect ...
متن کاملFree Trade, Customs Unions, and Transfers
All countries would agree to immediate global free trade if countries were compensated for any terms-of-trade losses with transfers from countries whose terms-of-trade improve, and if customs unions were required to have no effects on non-member countries. Global free trade with transfers is in the core of a Kemp-WanGrinols customs union game. (52 words)
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This paper analyses the choice between a customs union (CU) and a free trade agreement (FTA) based on the dynamics of political influence induced by the two agreements. An FTA preserves the maximum future discretion a government might have over its trade policy in a trade agreement, but a CU commits the government to a particular external trade policy. For this reason, if government receives an...
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The EU has indicated that after 2008 its trade relationships with developing countries will be dominated by the development of preferential trade agreements. Although not a consequence of the Cotonou Agreement, the free trade agreement between the EU and the Republic of South Africa (EU RSA FTA) is clearly one of the first fruits of this approach to trade relationships. However, there is no evi...
متن کاملBilateral Free Trade Agreements and Customs Unions: The Impact of the EU Republic of South Africa Free Trade Agreement on Botswana1
The EU has indicated that after 2008 its trade relationships with developing countries will be dominated by the development of preferential trade agreements. Although not a consequence of the Cotonou Agreement, the free trade agreement between the EU and the Republic of South Africa (EU RSA FTA) is clearly one of the first fruits of this approach to trade relationships. However, there is no evi...
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ژورنال
عنوان ژورنال: Journal of International Economics
سال: 2016
ISSN: 0022-1996
DOI: 10.1016/j.jinteco.2016.09.003