Challenges of CAFTA : Maximizing the Benefits for Central America

The report provides a preliminary assessment of DR-CAFTA (the Dominican Republic and Central American Free trade Agreement), with particular attention to three key themes: (1) expected trade and non-trade benefits, (2) actions that Central American...

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Bibliographic Details
Main Authors:	Jaramillo, Carlos Felipe, Lederman, Daniel, Bussolo, Maurizio, Gould, David, Mason, Andrew
Format:	Publication
Language:	English en_US
Published:	Washington, DC : World Bank 2012
Subjects:	AGRICULTURAL COMMODITIES AGRICULTURAL PRODUCTS AGRICULTURE APPAREL APPAREL EXPORT APPAREL INDUSTRY APPAREL SECTOR APPAREL TRADE AUTOREGRESSION AVERAGE TARIFFS BANKING SYSTEMS BENCHMARKING BILATERAL TRADE BILATERAL TRADE AGREEMENTS BRIBERY BUSINESS CYCLE BUSINESS CYCLE SYNCHRONIZATION CENTRAL AMERICA CIVIL SOCIETY COMMODITY TRADE COMMON MARKET CONSTANT ELASTICITY OF SUBSTITUTION CONSTANT ELASTICITY OF TRANSFORMATION CONSUMERS CUSTOMS CUSTOMS PROCEDURES DEVELOPMENT ECONOMICS DIVERSIFIED EXPORTS DOMESTIC FIRMS DOMESTIC REFORMS DUTY-FREE ACCESS DYNAMIC GAINS ECONOMIC GROWTH ECONOMIC SECTORS ECONOMIC STRUCTURE ECONOMICS RESEARCH ECONOMIES OF SCALE ELASTICITY EQUILIBRIUM EUROPEAN UNION EXPANSION OF TRADE EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT PROCESSING EXPORT PROCESSING ZONE EXPORT PROSPECTS EXPORT VALUE EXPORT VOLUMES FACTOR PRICE FINANCIAL SERVICES FOREIGN DIRECT INVESTMENT FOREIGN TECHNOLOGIES FOSTERING TRADE FREE ACCESS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS FREE TRADE AREA GDP GDP PER CAPITA GENERAL AGREEMENT ON TARIFFS GENERALIZED SYSTEM OF PREFERENCES GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROSS ENROLLMENT RATE GROWTH GROWTH RATES IMPACT OF TRADE IMPORT TAX IMPORT TAXES IMPORTS INDUSTRY TRADE INEFFICIENCY INTEGRATION EFFORTS INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL TRADE INVESTMENT CLIMATE INVESTMENT FLOWS INVESTMENT LEVELS INVESTMENT MEASURES LEGAL STATUS MACROECONOMIC POLICY MACROECONOMICS MARKET ACCESS NET EXPORTS NONTARIFF BARRIERS POLICY PRIORITIES POLITICAL FACTORS POSITIVE EFFECTS PREFERENTIAL MARKET ACCESS PRELIMINARY ASSESSMENT PRICE CHANGES PROCESS OF ADJUSTMENT PROTECTION LEVELS PUBLIC POLICY PURCHASING POWER PURCHASING POWER PARITY RECIPROCAL ACCESS RECIPROCITY REGIONAL AGREEMENTS REGIONAL INTEGRATION REGIONAL TRADE REGIONAL TRADE INTEGRATION REGULATIONS REGULATORY REFORMS REMOVAL OF TRADE BARRIERS RESTRICTIVE RULES OF ORIGIN RULES OF ORIGIN SOCIAL PROTECTION STATIC GAINS SUBSIDIARY RIGHTS SYSTEM OF PREFERENCES TARIFF CLASSIFICATION TARIFF ELIMINATION TARIFF PREFERENCE LEVEL TARIFF RATES TARIFF REDUCTION TAX REVENUES TECHNICAL ASSISTANCE TECHNOLOGICAL PROGRESS TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE TRADE AGREEMENT TRADE BARRIERS TRADE DIVERSIFICATION TRADE FACILITATION TRADE FLOWS TRADE IN SERVICES TRADE INTEGRATION TRADE LIBERALIZATION TRADE OPENNESS TRADE POLICIES TRADE POLICY TRADE PREFERENCES TRADE REFORMS TRADE RESTRICTIONS TRADE STRUCTURE TRADE-RELATED INVESTMENT TRADING PARTNER TRANSITION PERIODS TRANSPORT COSTS UNEMPLOYMENT UNILATERAL PREFERENCES UNILATERAL TRADE UNILATERAL TRADE LIBERALIZATION UNSKILLED LABOR VALUE ADDED VALUE-ADDED TAX WAGES WELFARE GAINS WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2006/06/6965008/challenges-cafta-maximizing-benefits-central-america http://hdl.handle.net/10986/7127

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Summary:	The report provides a preliminary assessment of DR-CAFTA (the Dominican Republic and Central American Free trade Agreement), with particular attention to three key themes: (1) expected trade and non-trade benefits, (2) actions that Central American countries need to pursue to capitalize optimally on the new opportunities, and (3) identification of the population groups that may require assistance to adapt to a more competitive environment. The Introductory Chapter reviews the main findings of the report. Chapter 2 places DR-CAFTA in the historical context of the economic reforms that Central America has been undertaking since the late 1980s. Chapter 3 provides a summary overview of the recently negotiated DR-CAFTA. Chapter 4 reviews various analyses that assess the potential impacts of DR-CAFTA in Central American countries. Chapter 5 focuses on the identification of potentially affected populations from the easing of trade restrictions in sensitive agricultural products and analyzes policy options to assist vulnerable groups. Chapter 6 reviews evidence related to key macroeconomic implications of DR-CAFTA, namely the potential revenue losses and effect on the patterns of business-cycle synchronization. Chapter 7 reviews evidence from each Central American country in the areas of trade facilitation, institutional and regulatory reforms, and innovation and education, in order to identify key priorities for the complementary agenda for DR-CAFTA.

Challenges of CAFTA : Maximizing the Benefits for Central America

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