The New Trade Environment and Trade Performance in the Caribbean

Caribbean countries face a rapidly changing trade environment, which presents both opportunities and challenges for economies highly dependent on external markets. The features of the new trade environment include: i) redefinition of relations with...

Full description

Bibliographic Details
Main Author: World Bank
Format: Brief
Language:English
en_US
Published: Washington, DC 2014
Subjects:
GDP
OIL
Online Access:http://documents.worldbank.org/curated/en/2014/06/19799980/new-trade-environment-trade-performance-caribbean
http://hdl.handle.net/10986/20014
id okr-10986-20014
recordtype oai_dc
spelling okr-10986-200142021-04-23T14:03:53Z The New Trade Environment and Trade Performance in the Caribbean World Bank AGRICULTURE AVERAGE TARIFF AVERAGE TARIFFS AVERAGE TRADE BENCHMARK BENCHMARKING BUSINESS ENVIRONMENT BUSINESS PERFORMANCES COMMODITIES COMMODITY COMMON MARKET COMPARATIVE ADVANTAGE COMPETITIVE PRESSURES COMPETITIVENESS INDEX CONNECTIVITY CONNECTIVITY INDEX CUSTOMS DEEPER TRADE INTEGRATION DEVELOPING COUNTRIES DOMESTIC MARKETS ECONOMIC DEVELOPMENT ECONOMIC RESEARCH ECONOMIC SIZE ECONOMIES OF SCALE EMERGING ECONOMIES EMERGING MARKETS EXPECTED VALUE EXPLOITATION EXPORT BASKET EXPORT BASKETS EXPORT DYNAMISM EXPORT EARNINGS EXPORT GROWTH EXPORT PERFORMANCE EXPORT SECTORS EXPORT SHARE EXPORT VALUE EXPORTERS EXPORTS EXTERNAL TRADE EXTERNAL TRADE POLICY FINANCIAL CRISIS FINANCIAL SECTOR FOREIGN FIRMS GDP GENERAL EQUILIBRIUM GLOBAL COMPETITIVENESS GLOBAL ECONOMY GLOBAL TRADE GLOBALIZATION GRAVITY MODEL GRAVITY MODELS GROWTH POTENTIAL GROWTH RATE GROWTH RATES HUMAN CAPITAL IMPACT OF TRADE IMPORTS INSURANCE INTERNATIONAL TRADE INTRAREGIONAL TRADE LABOR PRODUCTIVITY MARKET ECONOMY MARKET SHARE METALS NATURAL RESOURCE NATURAL RESOURCES OIL OPENNESS PER CAPITA INCOME PREFERENTIAL ACCESS PREFERENTIAL AGREEMENTS PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENTS PRODUCTION COSTS RAPID GROWTH REGIONAL INTEGRATION REGIONAL TRADE REGRESSION ANALYSIS REGULATORY ENVIRONMENT REGULATORY IMPEDIMENTS SCIENTIFIC RESEARCH SHARE OF WORLD EXPORTS SINGLE MARKET SMALL ECONOMIES SPECIALIZATION TARIFF RATE TARIFF RATES TOURISM TRADE AGREEMENT TRADE BALANCE TRADE BALANCES TRADE BARRIERS TRADE BLOCS TRADE DEFICIT TRADE DEFICITS TRADE DETERMINANTS TRADE FACILITATION TRADE LOGISTICS TRADE MORE TRADE OPENNESS TRADE PARTNERSHIP TRADE PERFORMANCE TRADE RELATIONS TRADE RELATIONSHIPS TRADE SURPLUS TRANSPORT COSTS VALUE ADDED WORLD DEVELOPMENT INDICATOR WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD MARKET WORLD MARKETS Caribbean countries face a rapidly changing trade environment, which presents both opportunities and challenges for economies highly dependent on external markets. The features of the new trade environment include: i) redefinition of relations with their main trading partners, including the United States, where Caribbean exports continue to enjoy preferential access under the Caribbean Basin Initiative, and the European Union, through the recently signed Economic Partnership Agreement; ii) the increasing economic influence of the new growth poles1 (Brazil, Russia, India, Indonesia, China and Korea) ; iii) and the redesign of the CARICOM regional trade agreement in order to implement the Caribbean Single Market Economy (CSME) as well as a number of preferential trade agreements within the region. These changes are likely to change the trading structure of the Caribbean countries and, through this restructuring, to have implications for the welfare of these economies. Understanding these implications is critical in terms of designing appropriate policy response to the trade changes but also in terms of eventually re-shaping trade agreements and policies. 2014-09-09T21:02:17Z 2014-09-09T21:02:17Z 2014-06 http://documents.worldbank.org/curated/en/2014/06/19799980/new-trade-environment-trade-performance-caribbean http://hdl.handle.net/10986/20014 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: Brief Publications & Research Latin America & Caribbean Caribbean
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 AGRICULTURE
AVERAGE TARIFF
AVERAGE TARIFFS
AVERAGE TRADE
BENCHMARK
BENCHMARKING
BUSINESS ENVIRONMENT
BUSINESS PERFORMANCES
COMMODITIES
COMMODITY
COMMON MARKET
COMPARATIVE ADVANTAGE
COMPETITIVE PRESSURES
COMPETITIVENESS INDEX
CONNECTIVITY
CONNECTIVITY INDEX
CUSTOMS
DEEPER TRADE INTEGRATION
DEVELOPING COUNTRIES
DOMESTIC MARKETS
ECONOMIC DEVELOPMENT
ECONOMIC RESEARCH
ECONOMIC SIZE
ECONOMIES OF SCALE
EMERGING ECONOMIES
EMERGING MARKETS
EXPECTED VALUE
EXPLOITATION
EXPORT BASKET
EXPORT BASKETS
EXPORT DYNAMISM
EXPORT EARNINGS
EXPORT GROWTH
EXPORT PERFORMANCE
EXPORT SECTORS
EXPORT SHARE
EXPORT VALUE
EXPORTERS
EXPORTS
EXTERNAL TRADE
EXTERNAL TRADE POLICY
FINANCIAL CRISIS
FINANCIAL SECTOR
FOREIGN FIRMS
GDP
GENERAL EQUILIBRIUM
GLOBAL COMPETITIVENESS
GLOBAL ECONOMY
GLOBAL TRADE
GLOBALIZATION
GRAVITY MODEL
GRAVITY MODELS
GROWTH POTENTIAL
GROWTH RATE
GROWTH RATES
HUMAN CAPITAL
IMPACT OF TRADE
IMPORTS
INSURANCE
INTERNATIONAL TRADE
INTRAREGIONAL TRADE
LABOR PRODUCTIVITY
MARKET ECONOMY
MARKET SHARE
METALS
NATURAL RESOURCE
NATURAL RESOURCES
OIL
OPENNESS
PER CAPITA INCOME
PREFERENTIAL ACCESS
PREFERENTIAL AGREEMENTS
PREFERENTIAL TRADE
PREFERENTIAL TRADE AGREEMENTS
PRODUCTION COSTS
RAPID GROWTH
REGIONAL INTEGRATION
REGIONAL TRADE
REGRESSION ANALYSIS
REGULATORY ENVIRONMENT
REGULATORY IMPEDIMENTS
SCIENTIFIC RESEARCH
SHARE OF WORLD EXPORTS
SINGLE MARKET
SMALL ECONOMIES
SPECIALIZATION
TARIFF RATE
TARIFF RATES
TOURISM
TRADE AGREEMENT
TRADE BALANCE
TRADE BALANCES
TRADE BARRIERS
TRADE BLOCS
TRADE DEFICIT
TRADE DEFICITS
TRADE DETERMINANTS
TRADE FACILITATION
TRADE LOGISTICS
TRADE MORE
TRADE OPENNESS
TRADE PARTNERSHIP
TRADE PERFORMANCE
TRADE RELATIONS
TRADE RELATIONSHIPS
TRADE SURPLUS
TRANSPORT COSTS
VALUE ADDED
WORLD DEVELOPMENT INDICATOR
WORLD DEVELOPMENT INDICATORS
WORLD ECONOMY
WORLD MARKET
WORLD MARKETS
spellingShingle AGRICULTURE
AVERAGE TARIFF
AVERAGE TARIFFS
AVERAGE TRADE
BENCHMARK
BENCHMARKING
BUSINESS ENVIRONMENT
BUSINESS PERFORMANCES
COMMODITIES
COMMODITY
COMMON MARKET
COMPARATIVE ADVANTAGE
COMPETITIVE PRESSURES
COMPETITIVENESS INDEX
CONNECTIVITY
CONNECTIVITY INDEX
CUSTOMS
DEEPER TRADE INTEGRATION
DEVELOPING COUNTRIES
DOMESTIC MARKETS
ECONOMIC DEVELOPMENT
ECONOMIC RESEARCH
ECONOMIC SIZE
ECONOMIES OF SCALE
EMERGING ECONOMIES
EMERGING MARKETS
EXPECTED VALUE
EXPLOITATION
EXPORT BASKET
EXPORT BASKETS
EXPORT DYNAMISM
EXPORT EARNINGS
EXPORT GROWTH
EXPORT PERFORMANCE
EXPORT SECTORS
EXPORT SHARE
EXPORT VALUE
EXPORTERS
EXPORTS
EXTERNAL TRADE
EXTERNAL TRADE POLICY
FINANCIAL CRISIS
FINANCIAL SECTOR
FOREIGN FIRMS
GDP
GENERAL EQUILIBRIUM
GLOBAL COMPETITIVENESS
GLOBAL ECONOMY
GLOBAL TRADE
GLOBALIZATION
GRAVITY MODEL
GRAVITY MODELS
GROWTH POTENTIAL
GROWTH RATE
GROWTH RATES
HUMAN CAPITAL
IMPACT OF TRADE
IMPORTS
INSURANCE
INTERNATIONAL TRADE
INTRAREGIONAL TRADE
LABOR PRODUCTIVITY
MARKET ECONOMY
MARKET SHARE
METALS
NATURAL RESOURCE
NATURAL RESOURCES
OIL
OPENNESS
PER CAPITA INCOME
PREFERENTIAL ACCESS
PREFERENTIAL AGREEMENTS
PREFERENTIAL TRADE
PREFERENTIAL TRADE AGREEMENTS
PRODUCTION COSTS
RAPID GROWTH
REGIONAL INTEGRATION
REGIONAL TRADE
REGRESSION ANALYSIS
REGULATORY ENVIRONMENT
REGULATORY IMPEDIMENTS
SCIENTIFIC RESEARCH
SHARE OF WORLD EXPORTS
SINGLE MARKET
SMALL ECONOMIES
SPECIALIZATION
TARIFF RATE
TARIFF RATES
TOURISM
TRADE AGREEMENT
TRADE BALANCE
TRADE BALANCES
TRADE BARRIERS
TRADE BLOCS
TRADE DEFICIT
TRADE DEFICITS
TRADE DETERMINANTS
TRADE FACILITATION
TRADE LOGISTICS
TRADE MORE
TRADE OPENNESS
TRADE PARTNERSHIP
TRADE PERFORMANCE
TRADE RELATIONS
TRADE RELATIONSHIPS
TRADE SURPLUS
TRANSPORT COSTS
VALUE ADDED
WORLD DEVELOPMENT INDICATOR
WORLD DEVELOPMENT INDICATORS
WORLD ECONOMY
WORLD MARKET
WORLD MARKETS
World Bank
The New Trade Environment and Trade Performance in the Caribbean
geographic_facet Latin America & Caribbean
Caribbean
description Caribbean countries face a rapidly changing trade environment, which presents both opportunities and challenges for economies highly dependent on external markets. The features of the new trade environment include: i) redefinition of relations with their main trading partners, including the United States, where Caribbean exports continue to enjoy preferential access under the Caribbean Basin Initiative, and the European Union, through the recently signed Economic Partnership Agreement; ii) the increasing economic influence of the new growth poles1 (Brazil, Russia, India, Indonesia, China and Korea) ; iii) and the redesign of the CARICOM regional trade agreement in order to implement the Caribbean Single Market Economy (CSME) as well as a number of preferential trade agreements within the region. These changes are likely to change the trading structure of the Caribbean countries and, through this restructuring, to have implications for the welfare of these economies. Understanding these implications is critical in terms of designing appropriate policy response to the trade changes but also in terms of eventually re-shaping trade agreements and policies.
format Publications & Research :: Brief
author World Bank
author_facet World Bank
author_sort World Bank
title The New Trade Environment and Trade Performance in the Caribbean
title_short The New Trade Environment and Trade Performance in the Caribbean
title_full The New Trade Environment and Trade Performance in the Caribbean
title_fullStr The New Trade Environment and Trade Performance in the Caribbean
title_full_unstemmed The New Trade Environment and Trade Performance in the Caribbean
title_sort new trade environment and trade performance in the caribbean
publisher Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2014/06/19799980/new-trade-environment-trade-performance-caribbean
http://hdl.handle.net/10986/20014
_version_ 1764444288107675648