Dominican Republic, Central American Free Trade Agreement (DR-CAFTA) : Challenges and Opportunities for Central America
This report provides a preliminary assessment of DR-CAFTA (the , 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 popula...
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Format: | Foreign Trade, FDI, and Capital Flows Study |
Language: | English en_US |
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Washington, DC
2012
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Online Access: | http://documents.worldbank.org/curated/en/2005/12/6489025/dominican-republic-central-american-free-trade-agreement-dr-cafta-challenges-opportunities-central-america http://hdl.handle.net/10986/8358 |
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recordtype |
oai_dc |
repository_type |
Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
collection |
World Bank |
language |
English en_US |
topic |
ACCESS TO SERVICE MARKETS ACCORDS ADVERSE IMPACTS AGRICULTURAL COMMODITIES AGRICULTURAL PRODUCTS AGRICULTURE APPAREL APPAREL EXPORT APPAREL INDUSTRIES APPAREL TRADE BILATERAL TRADE BILATERAL TRADE AGREEMENTS BOVINE MEAT BUSINESS CYCLE BUSINESS CYCLE SYNCHRONIZATION BUSINESS CYCLES CAPACITY BUILDING CENTRAL AMERICA CIVIL SOCIETY COMMODITY PRICES COMMON MARKET COMPETITIVE ENVIRONMENT COMPETITIVENESS CONSUMERS CUSTOMS CUSTOMS UNION DEBT DISPUTE SETTLEMENT DOMESTIC LEGISLATION DOMESTIC PRICES DOMESTIC REFORMS DONOR AGENCIES DOUBLE TAXATION DOUBLE TAXATION TREATIES DYNAMIC EFFECTS DYNAMIC GAINS ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC VALUE ELIMINATING TARIFFS EXPORT GROWTH EXPORT PRODUCTS EXPORT PROMOTION EXPORT PROSPECTS EXPORT VOLUMES EXPORTS FINANCIAL ASSETS FINANCIAL RESOURCES FINANCIAL SERVICES FOREIGN INVESTMENT FOREIGN INVESTORS FOSTERING TRADE FREE ACCESS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS GDP GDP PER CAPITA GOVERNMENT REGULATIONS GROWTH RATE GROWTH RATES HARMONIZATION HUMAN CAPITAL IMPORT TAXES IMPORTS INCOME INCOME LOSSES INCOME TAXES INCREASING TRADE INDUSTRY TRADE INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL TRADE INTERNATIONAL TRANSPORT INTRAINDUSTRY TRADE INVESTMENT LEVELS INVESTMENT PROTECTION LABOR MARKETS LABOR REGULATIONS LIVING STANDARDS MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC POLICY COORDINATION MARKET ACCESS MOST FAVORED NATION NATIONAL INNOVATION SYSTEM NON-TARIFF BARRIERS PARTIAL EQUILIBRIUM ANALYSES POLICY MAKERS POLICY PRIORITIES POLITICAL CONDITIONS POLITICAL FACTORS POSITIVE EFFECTS PREFERENTIAL MARKET ACCESS PREFERENTIAL TREATMENT PRELIMINARY ASSESSMENT PRICE CHANGES PROTECTION LEVELS PROTECTIONS PUBLIC GOODS PUBLIC SECTOR QUOTAS RECIPROCAL ACCESS RECIPROCITY REDUCING PROTECTION REDUCING TARIFFS REGIONAL AGREEMENTS REGIONAL COORDINATION REGIONAL INTEGRATION REGIONAL INTEGRATION EFFORTS REGIONAL TRADE REGIONAL TRADE INTEGRATION REGULATIONS REGULATORY REFORMS REMOVING BARRIERS REMOVING TRADE BARRIERS SAFEGUARD MEASURES SPECIAL SAFEGUARD STATIC ANALYSES STATIC GAINS TARIFF BARRIERS TARIFF REDUCTIONS TARIFF-FREE ACCESS TAX POLICY TAX REVENUE TAXATION TECHNICAL ASSISTANCE TOTAL FACTOR PRODUCTIVITY TRADE TRADE AGREEMENT TRADE AREA TRADE BARRIERS TRADE CAPACITY TRADE DIVERSIFICATION TRADE EXPANSION TRADE FACILITATION TRADE FLOWS TRADE IN SERVICES TRADE INTEGRATION TRADE INTENSITY TRADE LIBERALIZATION TRADE MORE TRADE OPENNESS TRADE POLICIES TRADE POLICY TRADE PREFERENCE TRADE PREFERENCES TRADE PROTECTION TRADE REFORMS TRADE RESTRICTIONS TRADE STRUCTURE TRADING PARTNER TRANSITION PERIODS TRANSPORT COSTS TREATIES UNILATERAL EFFORTS UNILATERAL PREFERENCES UNILATERAL TRADE UNILATERAL TRADE REFORMS UNSKILLED LABOR VALUE ADDED WAGES WELFARE GAINS WELFARE IMPACTS WELFARE LOSSES WORLD TRADE WORLD TRADE ORGANIZATION WTO ZERO TARIFFS |
spellingShingle |
ACCESS TO SERVICE MARKETS ACCORDS ADVERSE IMPACTS AGRICULTURAL COMMODITIES AGRICULTURAL PRODUCTS AGRICULTURE APPAREL APPAREL EXPORT APPAREL INDUSTRIES APPAREL TRADE BILATERAL TRADE BILATERAL TRADE AGREEMENTS BOVINE MEAT BUSINESS CYCLE BUSINESS CYCLE SYNCHRONIZATION BUSINESS CYCLES CAPACITY BUILDING CENTRAL AMERICA CIVIL SOCIETY COMMODITY PRICES COMMON MARKET COMPETITIVE ENVIRONMENT COMPETITIVENESS CONSUMERS CUSTOMS CUSTOMS UNION DEBT DISPUTE SETTLEMENT DOMESTIC LEGISLATION DOMESTIC PRICES DOMESTIC REFORMS DONOR AGENCIES DOUBLE TAXATION DOUBLE TAXATION TREATIES DYNAMIC EFFECTS DYNAMIC GAINS ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC VALUE ELIMINATING TARIFFS EXPORT GROWTH EXPORT PRODUCTS EXPORT PROMOTION EXPORT PROSPECTS EXPORT VOLUMES EXPORTS FINANCIAL ASSETS FINANCIAL RESOURCES FINANCIAL SERVICES FOREIGN INVESTMENT FOREIGN INVESTORS FOSTERING TRADE FREE ACCESS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS GDP GDP PER CAPITA GOVERNMENT REGULATIONS GROWTH RATE GROWTH RATES HARMONIZATION HUMAN CAPITAL IMPORT TAXES IMPORTS INCOME INCOME LOSSES INCOME TAXES INCREASING TRADE INDUSTRY TRADE INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL TRADE INTERNATIONAL TRANSPORT INTRAINDUSTRY TRADE INVESTMENT LEVELS INVESTMENT PROTECTION LABOR MARKETS LABOR REGULATIONS LIVING STANDARDS MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC POLICY COORDINATION MARKET ACCESS MOST FAVORED NATION NATIONAL INNOVATION SYSTEM NON-TARIFF BARRIERS PARTIAL EQUILIBRIUM ANALYSES POLICY MAKERS POLICY PRIORITIES POLITICAL CONDITIONS POLITICAL FACTORS POSITIVE EFFECTS PREFERENTIAL MARKET ACCESS PREFERENTIAL TREATMENT PRELIMINARY ASSESSMENT PRICE CHANGES PROTECTION LEVELS PROTECTIONS PUBLIC GOODS PUBLIC SECTOR QUOTAS RECIPROCAL ACCESS RECIPROCITY REDUCING PROTECTION REDUCING TARIFFS REGIONAL AGREEMENTS REGIONAL COORDINATION REGIONAL INTEGRATION REGIONAL INTEGRATION EFFORTS REGIONAL TRADE REGIONAL TRADE INTEGRATION REGULATIONS REGULATORY REFORMS REMOVING BARRIERS REMOVING TRADE BARRIERS SAFEGUARD MEASURES SPECIAL SAFEGUARD STATIC ANALYSES STATIC GAINS TARIFF BARRIERS TARIFF REDUCTIONS TARIFF-FREE ACCESS TAX POLICY TAX REVENUE TAXATION TECHNICAL ASSISTANCE TOTAL FACTOR PRODUCTIVITY TRADE TRADE AGREEMENT TRADE AREA TRADE BARRIERS TRADE CAPACITY TRADE DIVERSIFICATION TRADE EXPANSION TRADE FACILITATION TRADE FLOWS TRADE IN SERVICES TRADE INTEGRATION TRADE INTENSITY TRADE LIBERALIZATION TRADE MORE TRADE OPENNESS TRADE POLICIES TRADE POLICY TRADE PREFERENCE TRADE PREFERENCES TRADE PROTECTION TRADE REFORMS TRADE RESTRICTIONS TRADE STRUCTURE TRADING PARTNER TRANSITION PERIODS TRANSPORT COSTS TREATIES UNILATERAL EFFORTS UNILATERAL PREFERENCES UNILATERAL TRADE UNILATERAL TRADE REFORMS UNSKILLED LABOR VALUE ADDED WAGES WELFARE GAINS WELFARE IMPACTS WELFARE LOSSES WORLD TRADE WORLD TRADE ORGANIZATION WTO ZERO TARIFFS World Bank Dominican Republic, Central American Free Trade Agreement (DR-CAFTA) : Challenges and Opportunities for Central America |
geographic_facet |
Latin America & Caribbean |
description |
This report provides a preliminary assessment of DR-CAFTA (the , 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 report focuses on the developing countries of Central America, namely Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. The analysis presented in the report shows that the vast majority of the population in Central America is likely to experience welfare gains from implementation of DR-CAFTA, even in the short run. At the same time, the removal of trade barriers in sensitive agricultural crops could adversely affect a small share of the population living in rural areas in Central America. Although provisions in DR-CAFTA will allow for long timetables in reducing tariffs for the most sensitive products, appropriate support programs may need to be designed. In addition, selective investments in education, rural infrastructure, rural finance, and technical assistance will be required to ensure that the rural poor have the means to take full advantage of the new opportunities arising out of DR-CAFTA. Chapter 1 of the report reviews the main findings of the chapters in the order in which they appear. Chapter 2 places DR-CAFTA in the historical context of the economic reforms that Central American countries have been undertaking since the late 1980s. Chapter 3 provides a summary overview of the recently negotiated DR-CAFTA, with special attention on the extent to which the agreement's provisions would significantly change market access for Central American goods and services, and also on how far they could be expected to consolidate prior reforms. Chapter 4 reviews various analyses that assess the potential impacts of DR-CAFTA on the developing countries of Central America. Chapter 5 focuses on the identification and quantification 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 that might be produced by the removal of import taxes and the treaty's potential 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 |
Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study |
author |
World Bank |
author_facet |
World Bank |
author_sort |
World Bank |
title |
Dominican Republic, Central American Free Trade Agreement (DR-CAFTA) : Challenges and Opportunities for Central America |
title_short |
Dominican Republic, Central American Free Trade Agreement (DR-CAFTA) : Challenges and Opportunities for Central America |
title_full |
Dominican Republic, Central American Free Trade Agreement (DR-CAFTA) : Challenges and Opportunities for Central America |
title_fullStr |
Dominican Republic, Central American Free Trade Agreement (DR-CAFTA) : Challenges and Opportunities for Central America |
title_full_unstemmed |
Dominican Republic, Central American Free Trade Agreement (DR-CAFTA) : Challenges and Opportunities for Central America |
title_sort |
dominican republic, central american free trade agreement (dr-cafta) : challenges and opportunities for central america |
publisher |
Washington, DC |
publishDate |
2012 |
url |
http://documents.worldbank.org/curated/en/2005/12/6489025/dominican-republic-central-american-free-trade-agreement-dr-cafta-challenges-opportunities-central-america http://hdl.handle.net/10986/8358 |
_version_ |
1764405313641906176 |
spelling |
okr-10986-83582021-04-23T14:02:39Z Dominican Republic, Central American Free Trade Agreement (DR-CAFTA) : Challenges and Opportunities for Central America World Bank ACCESS TO SERVICE MARKETS ACCORDS ADVERSE IMPACTS AGRICULTURAL COMMODITIES AGRICULTURAL PRODUCTS AGRICULTURE APPAREL APPAREL EXPORT APPAREL INDUSTRIES APPAREL TRADE BILATERAL TRADE BILATERAL TRADE AGREEMENTS BOVINE MEAT BUSINESS CYCLE BUSINESS CYCLE SYNCHRONIZATION BUSINESS CYCLES CAPACITY BUILDING CENTRAL AMERICA CIVIL SOCIETY COMMODITY PRICES COMMON MARKET COMPETITIVE ENVIRONMENT COMPETITIVENESS CONSUMERS CUSTOMS CUSTOMS UNION DEBT DISPUTE SETTLEMENT DOMESTIC LEGISLATION DOMESTIC PRICES DOMESTIC REFORMS DONOR AGENCIES DOUBLE TAXATION DOUBLE TAXATION TREATIES DYNAMIC EFFECTS DYNAMIC GAINS ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC VALUE ELIMINATING TARIFFS EXPORT GROWTH EXPORT PRODUCTS EXPORT PROMOTION EXPORT PROSPECTS EXPORT VOLUMES EXPORTS FINANCIAL ASSETS FINANCIAL RESOURCES FINANCIAL SERVICES FOREIGN INVESTMENT FOREIGN INVESTORS FOSTERING TRADE FREE ACCESS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS GDP GDP PER CAPITA GOVERNMENT REGULATIONS GROWTH RATE GROWTH RATES HARMONIZATION HUMAN CAPITAL IMPORT TAXES IMPORTS INCOME INCOME LOSSES INCOME TAXES INCREASING TRADE INDUSTRY TRADE INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL TRADE INTERNATIONAL TRANSPORT INTRAINDUSTRY TRADE INVESTMENT LEVELS INVESTMENT PROTECTION LABOR MARKETS LABOR REGULATIONS LIVING STANDARDS MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC POLICY COORDINATION MARKET ACCESS MOST FAVORED NATION NATIONAL INNOVATION SYSTEM NON-TARIFF BARRIERS PARTIAL EQUILIBRIUM ANALYSES POLICY MAKERS POLICY PRIORITIES POLITICAL CONDITIONS POLITICAL FACTORS POSITIVE EFFECTS PREFERENTIAL MARKET ACCESS PREFERENTIAL TREATMENT PRELIMINARY ASSESSMENT PRICE CHANGES PROTECTION LEVELS PROTECTIONS PUBLIC GOODS PUBLIC SECTOR QUOTAS RECIPROCAL ACCESS RECIPROCITY REDUCING PROTECTION REDUCING TARIFFS REGIONAL AGREEMENTS REGIONAL COORDINATION REGIONAL INTEGRATION REGIONAL INTEGRATION EFFORTS REGIONAL TRADE REGIONAL TRADE INTEGRATION REGULATIONS REGULATORY REFORMS REMOVING BARRIERS REMOVING TRADE BARRIERS SAFEGUARD MEASURES SPECIAL SAFEGUARD STATIC ANALYSES STATIC GAINS TARIFF BARRIERS TARIFF REDUCTIONS TARIFF-FREE ACCESS TAX POLICY TAX REVENUE TAXATION TECHNICAL ASSISTANCE TOTAL FACTOR PRODUCTIVITY TRADE TRADE AGREEMENT TRADE AREA TRADE BARRIERS TRADE CAPACITY TRADE DIVERSIFICATION TRADE EXPANSION TRADE FACILITATION TRADE FLOWS TRADE IN SERVICES TRADE INTEGRATION TRADE INTENSITY TRADE LIBERALIZATION TRADE MORE TRADE OPENNESS TRADE POLICIES TRADE POLICY TRADE PREFERENCE TRADE PREFERENCES TRADE PROTECTION TRADE REFORMS TRADE RESTRICTIONS TRADE STRUCTURE TRADING PARTNER TRANSITION PERIODS TRANSPORT COSTS TREATIES UNILATERAL EFFORTS UNILATERAL PREFERENCES UNILATERAL TRADE UNILATERAL TRADE REFORMS UNSKILLED LABOR VALUE ADDED WAGES WELFARE GAINS WELFARE IMPACTS WELFARE LOSSES WORLD TRADE WORLD TRADE ORGANIZATION WTO ZERO TARIFFS This report provides a preliminary assessment of DR-CAFTA (the , 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 report focuses on the developing countries of Central America, namely Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. The analysis presented in the report shows that the vast majority of the population in Central America is likely to experience welfare gains from implementation of DR-CAFTA, even in the short run. At the same time, the removal of trade barriers in sensitive agricultural crops could adversely affect a small share of the population living in rural areas in Central America. Although provisions in DR-CAFTA will allow for long timetables in reducing tariffs for the most sensitive products, appropriate support programs may need to be designed. In addition, selective investments in education, rural infrastructure, rural finance, and technical assistance will be required to ensure that the rural poor have the means to take full advantage of the new opportunities arising out of DR-CAFTA. Chapter 1 of the report reviews the main findings of the chapters in the order in which they appear. Chapter 2 places DR-CAFTA in the historical context of the economic reforms that Central American countries have been undertaking since the late 1980s. Chapter 3 provides a summary overview of the recently negotiated DR-CAFTA, with special attention on the extent to which the agreement's provisions would significantly change market access for Central American goods and services, and also on how far they could be expected to consolidate prior reforms. Chapter 4 reviews various analyses that assess the potential impacts of DR-CAFTA on the developing countries of Central America. Chapter 5 focuses on the identification and quantification 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 that might be produced by the removal of import taxes and the treaty's potential 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. 2012-06-18T20:46:58Z 2012-06-18T20:46:58Z 2005-12 http://documents.worldbank.org/curated/en/2005/12/6489025/dominican-republic-central-american-free-trade-agreement-dr-cafta-challenges-opportunities-central-america http://hdl.handle.net/10986/8358 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study Economic & Sector Work Latin America & Caribbean |