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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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:
GDP
WTO
Online Access:http://documents.worldbank.org/curated/en/2006/06/6965008/challenges-cafta-maximizing-benefits-central-america
http://hdl.handle.net/10986/7127
id okr-10986-7127
recordtype oai_dc
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 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
spellingShingle 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
Jaramillo, Carlos Felipe
Lederman, Daniel
Bussolo, Maurizio
Gould, David
Mason, Andrew
Challenges of CAFTA : Maximizing the Benefits for Central America
geographic_facet Latin America & Caribbean
Central America
Dominican Republic
relation Directions in Development, Trade
description 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.
format Publications & Research :: Publication
author Jaramillo, Carlos Felipe
Lederman, Daniel
Bussolo, Maurizio
Gould, David
Mason, Andrew
author_facet Jaramillo, Carlos Felipe
Lederman, Daniel
Bussolo, Maurizio
Gould, David
Mason, Andrew
author_sort Jaramillo, Carlos Felipe
title Challenges of CAFTA : Maximizing the Benefits for Central America
title_short Challenges of CAFTA : Maximizing the Benefits for Central America
title_full Challenges of CAFTA : Maximizing the Benefits for Central America
title_fullStr Challenges of CAFTA : Maximizing the Benefits for Central America
title_full_unstemmed Challenges of CAFTA : Maximizing the Benefits for Central America
title_sort challenges of cafta : maximizing the benefits for central america
publisher Washington, DC : World Bank
publishDate 2012
url http://documents.worldbank.org/curated/en/2006/06/6965008/challenges-cafta-maximizing-benefits-central-america
http://hdl.handle.net/10986/7127
_version_ 1764399152740958208
spelling okr-10986-71272021-04-23T14:02:27Z Challenges of CAFTA : Maximizing the Benefits for Central America Jaramillo, Carlos Felipe Lederman, Daniel Bussolo, Maurizio Gould, David Mason, Andrew 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 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. 2012-06-05T16:28:09Z 2012-06-05T16:28:09Z 2006 http://documents.worldbank.org/curated/en/2006/06/6965008/challenges-cafta-maximizing-benefits-central-america 978-0-8213-6444-4 http://hdl.handle.net/10986/7127 English en_US Directions in Development, Trade CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC : World Bank Publications & Research :: Publication Publications & Research :: Publication Latin America & Caribbean Central America Dominican Republic