The Economic Implications of Liberalizing APEC Tariff and Nontariff Barriers to Trade PDF Download

Author:
Publisher:
ISBN:
Category : Foreign trade regulation
Languages : en
Pages : 694

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Author:
Publisher: DIANE Publishing
ISBN: 145782521X
Category :
Languages : en
Pages : 30

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Author: Karen Schneider
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 140

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Author: D. Jeffrey Lewis
Publisher:
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Category :
Languages : en
Pages :

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June 1995 The Pacific Rim members of the Asia Pacific Economic Cooperation (APEC) group have different views about the role each should play in fostering further trade liberalization. But at the November 1994 APEC meetings in Bogor they committed themselves to forming an APEC free trade area. The authors explore: 1) the impact of such a free trade area on trade, welfare, and economic structure of the Pacific Rim economies and the European Union; 2) the implications of forming a partial free trade area, excluding such potential partners as China, the Association of Southeast Asian Nations (ASEAN) economies, or the United States; 3) whether an APEC free trade area provides more benefits than full trade liberalization that includes the European Union. They analyze these issues using a multicountry, computable general equilibrium model to simulate alternative liberalized trade scenarios. Their findings are as follows. Under the base-case scenario (in which all tariff and most nontariff barriers are removed among the APEC countries, China, Japan, ASEAN, the Asian newly industrializing economies (NIEs), and the United States): all APEC countries gain in GDP and the excluded European Union loses sligthly. Gains are greatest for the poorer countries, for whom trade externalities are more significant. Trade expands greatly, and although there is some trade diversion away from the European Union and the rest of the world, that is swamped by the creation of trade within the free trade area. The U.S.-Japan trade balance improves only slightly (by $1.4 billion), and the U.S.-China balance are much larger, suggesting that changes in sectoral protection make movements in particular bilateral trade balances nearly impossible to predict. When one economy is excluded: there are gains from making the free trade area as broad as possible. Omitting any one region (China, the United States, or the ASEAN 4) makes that region significantly worse off and lowers the gains for all other members as well. The Asian NIEs have the most to gain from broad membership. Excluding China reduces Asian NIE gains by about half, and excluding the United States yields even greater declines. Excluding the United States has the worst impact on all other potential members, greater than the effect of omitting China or the ASEAN 4. The European Union is largely unaffected by different versions of the APEC free trade area. Global (versus regional) liberalization: global liberalization that includes the European Union is the best outcome in terms of world GDP and welfare. And all countries gain more from global liberalization than they do from joining an APEC free trade area alone. Forming a regional free trade area may be politically easier than continued global liberalization, but there are economic incentives for all parties to expand on the completed GATT round.

Author: Kunwang Li
Publisher:
ISBN:
Category : China
Languages : en
Pages : 78

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Author: Seunghee Han
Publisher:
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Category : Asian cooperation
Languages : en
Pages : 50

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Investigates the effect of trade liberalization commitments Asia Pacific Economic Cooperation region on real GDP and export expansion across regions both inside and outside the APEC area.

Author: Peter Drysdale
Publisher: ANU E Press
ISBN: 1922144576
Category : Political Science
Languages : en
Pages : 312

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"This book assembles papers that were produced under a three year collaborative research program on 'China and APEC' undertaken by the AustraliaJapan Research Centre, in the Asia Pacific School of Economics and Management at The Australian National University and the APEC Policy Research Center, in the Chinese Academy of Social Sciences. ... The work on this project and the papers in the volume provide a base for developing ideas that could be helpful to the policy agenda for APEC 2001."--Preface.

Author: Michael J Ferrantino
Publisher: World Scientific
ISBN: 9814481726
Category : Business & Economics
Languages : en
Pages : 674

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As tariffs have fallen worldwide, the increasing importance of non-tariff policies for further trade liberalization has become widely recognized. The methods for assessing the potential effects of such liberalization have lagged significantly behind those available for analyzing tariffs. This book is the first volume that comprehensively addresses this gap. It has been designed to be useful for both economists and policymakers, especially for those involved in communicating ideas and results between economists and policymakers.This indispensable book contains cutting-edge discussions of the full range of methodologies used in this area, including business surveys, summary statistics such as effective rates of protection and price gaps, time-series and panel econometrics, and simulation methods such as computable general equilibrium. It covers the entire spectrum of policies under discussion in current trade negotiations, including trade facilitation, services policies, quantitative measures, customs procedures, standards, movement of natural persons, and anti-dumping.Some prominent contributors to this book are Bijit Bora (World Trade Organization), John Wilson, Tsunehiro Otsuki and Vlad Manole (World Bank), Catherine Mann (Institute of International Economics), Alan Deardorff and Robert Stern (University of Michigan), Joe Francois (Erasmus University), Dean Spinanger (University of Kiel), Antoni Estevadeordal and Kati Suominen (Inter-American Development Bank), Thomas Prusa (Rutgers University), Thomas Hertel and Terrie Walmsley (Purdue University), Scott Bradford (Brigham Young University), Judith Dean, Robert Feinberg, Soamiely Andriamananjara and Marinos Tsigas (US International Trade Commission).

Author:
Publisher: DIANE Publishing
ISBN: 1457824612
Category :
Languages : en
Pages : 114

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Author: United States International Trade Commission
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 100

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