Trade Policy Options for Chile : Importance of Market Access

Trade Policy Options for Chile : Importance of Market Access

This article uses a multi sector, multi county, computable general equilibrium model to examine Chile's strategy of 'additive regionalism' negotiating bilateral free trade agreements with all of its significant trading partners. Taki...

Full description

Bibliographic Details
Main Authors: Harrison, Glenn W., Rutherford, Thomas F., Tarr, David G.
Format: Journal Article
Language:English
en_US
Published: Washington, DC: World Bank 2014
Subjects:
ADDITIVE REGIONALISM
BILATERAL FREE TRADE
MARKET ACCESS
REGIONAL TRADE AGREEMENTS
TRADE DIVERSION
TRADE POLICY
WELFARE GAINS
Online Access:http://documents.worldbank.org/curated/en/2002/01/17737280/trade-policy-options-chile-importance-market-access
http://hdl.handle.net/10986/17188
id okr-10986-17188
recordtype oai_dc
spelling okr-10986-171882021-04-23T14:03:29Z Trade Policy Options for Chile : Importance of Market Access Harrison, Glenn W. Rutherford, Thomas F. Tarr, David G. ADDITIVE REGIONALISM BILATERAL FREE TRADE MARKET ACCESS REGIONAL TRADE AGREEMENTS TRADE DIVERSION TRADE POLICY WELFARE GAINS This article uses a multi sector, multi county, computable general equilibrium model to examine Chile's strategy of 'additive regionalism' negotiating bilateral free trade agreements with all of its significant trading partners. Taking Chile regional arrangements bilaterally, only its agreements with Northern partners provide sufficient market access to overcome trade diversion costs. Due to preferential market access, however, additive regionalism is likely to provide Chile with gains that are many multiples of the static welfare gains from unilateral free trade. At least one partner country loses from each of the regional agreements considered, and excluded countries as a group always lose. Gains to the world from global free trade are estimated to be vastly larger than gains from any of the regional arrangements. 2014-02-26T21:55:40Z 2014-02-26T21:55:40Z 2002-01 Journal Article http://documents.worldbank.org/curated/en/2002/01/17737280/trade-policy-options-chile-importance-market-access World Bank Economic Review http://hdl.handle.net/10986/17188 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Journal Article Publications & Research Latin America & Caribbean Chile
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ADDITIVE REGIONALISM
BILATERAL FREE TRADE
MARKET ACCESS
REGIONAL TRADE AGREEMENTS
TRADE DIVERSION
TRADE POLICY
WELFARE GAINS
spellingShingle ADDITIVE REGIONALISM
BILATERAL FREE TRADE
MARKET ACCESS
REGIONAL TRADE AGREEMENTS
TRADE DIVERSION
TRADE POLICY
WELFARE GAINS
Harrison, Glenn W.
Rutherford, Thomas F.
Tarr, David G.
Trade Policy Options for Chile : Importance of Market Access
geographic_facet Latin America & Caribbean
Chile
description This article uses a multi sector, multi county, computable general equilibrium model to examine Chile's strategy of 'additive regionalism' negotiating bilateral free trade agreements with all of its significant trading partners. Taking Chile regional arrangements bilaterally, only its agreements with Northern partners provide sufficient market access to overcome trade diversion costs. Due to preferential market access, however, additive regionalism is likely to provide Chile with gains that are many multiples of the static welfare gains from unilateral free trade. At least one partner country loses from each of the regional agreements considered, and excluded countries as a group always lose. Gains to the world from global free trade are estimated to be vastly larger than gains from any of the regional arrangements.
format Journal Article
author Harrison, Glenn W.
Rutherford, Thomas F.
Tarr, David G.
author_facet Harrison, Glenn W.
Rutherford, Thomas F.
Tarr, David G.
author_sort Harrison, Glenn W.
title Trade Policy Options for Chile : Importance of Market Access
title_short Trade Policy Options for Chile : Importance of Market Access
title_full Trade Policy Options for Chile : Importance of Market Access
title_fullStr Trade Policy Options for Chile : Importance of Market Access
title_full_unstemmed Trade Policy Options for Chile : Importance of Market Access
title_sort trade policy options for chile : importance of market access
publisher Washington, DC: World Bank
publishDate 2014
url http://documents.worldbank.org/curated/en/2002/01/17737280/trade-policy-options-chile-importance-market-access
http://hdl.handle.net/10986/17188
_version_ 1764433086342234112

Similar Items