Chile's Regional Arrangements and the Free Trade Agreement of the Americas : The Importance of Market Access
Using a multisector, computable general equilibrium model, the authors examine Chile's strategy of negotiating bilateral free trade agreements with all of its significant trading partners (referring to this policy as additive regionalism). The...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/07/1551966/chiles-regional-arrangements-free-trade-agreement-americas-importance-market-access http://hdl.handle.net/10986/19581 |
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okr-10986-195812021-04-23T14:03:43Z Chile's Regional Arrangements and the Free Trade Agreement of the Americas : The Importance of Market Access Harrison, Glenn W. Rutherford, Thomas F. Tarr, David G. ADDITIVE REGIONALISM FREE TRADE AGREEMENTS FTAA FREE TRADE AGREEMENT OF THE AMERICAS GLOBAL FREE TRADE MARKET ACCESS TRADE DIVERSION WELFARE GAINS Using a multisector, computable general equilibrium model, the authors examine Chile's strategy of negotiating bilateral free trade agreements with all of its significant trading partners (referring to this policy as additive regionalism). They also evaluate the Free Trade Agreement of the Americas (FTAA) and global free trade. Among Chile's bilateral regional agreements, only Chile's agreements with "Northern" partners provide enough market access to offset the costs to Chile of trade diversion. Because of preferential market access, however, additive regionalism is likely to provide Chile with many times as many gains as the static welfare gains from unilateral free trade. The authors find that at least one partner country loses from each of the regional trade agreements they consider, and excluded countries as a group they always lose. They estimate that the FTAA produces large welfare gains for the members, with the European Union being the big loser. Gains to the world from global free trade are estimated to be at least 36 times greater than gains from the FTAA. Even countries of the Americas in aggregate gain more from global free trade than from the FTAA. 2014-08-21T18:58:23Z 2014-08-21T18:58:23Z 2001-07 http://documents.worldbank.org/curated/en/2001/07/1551966/chiles-regional-arrangements-free-trade-agreement-americas-importance-market-access http://hdl.handle.net/10986/19581 English en_US Policy Research Working Paper;No. 2634 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper 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 FREE TRADE AGREEMENTS FTAA FREE TRADE AGREEMENT OF THE AMERICAS GLOBAL FREE TRADE MARKET ACCESS TRADE DIVERSION WELFARE GAINS |
| spellingShingle |
ADDITIVE REGIONALISM FREE TRADE AGREEMENTS FTAA FREE TRADE AGREEMENT OF THE AMERICAS GLOBAL FREE TRADE MARKET ACCESS TRADE DIVERSION WELFARE GAINS Harrison, Glenn W. Rutherford, Thomas F. Tarr, David G. Chile's Regional Arrangements and the Free Trade Agreement of the Americas : The Importance of Market Access |
| geographic_facet |
Latin America & Caribbean Chile |
| relation |
Policy Research Working Paper;No. 2634 |
| description |
Using a multisector, computable general
equilibrium model, the authors examine Chile's strategy
of negotiating bilateral free trade agreements with all of
its significant trading partners (referring to this policy
as additive regionalism). They also evaluate the Free Trade
Agreement of the Americas (FTAA) and global free trade.
Among Chile's bilateral regional agreements, only
Chile's agreements with "Northern" partners
provide enough market access to offset the costs to Chile of
trade diversion. Because of preferential market access,
however, additive regionalism is likely to provide Chile
with many times as many gains as the static welfare gains
from unilateral free trade. The authors find that at least
one partner country loses from each of the regional trade
agreements they consider, and excluded countries as a group
they always lose. They estimate that the FTAA produces large
welfare gains for the members, with the European Union being
the big loser. Gains to the world from global free trade are
estimated to be at least 36 times greater than gains from
the FTAA. Even countries of the Americas in aggregate gain
more from global free trade than from the FTAA. |
| format |
Publications & Research :: Policy Research Working Paper |
| 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 |
Chile's Regional Arrangements and the Free Trade Agreement of the Americas : The Importance of Market Access |
| title_short |
Chile's Regional Arrangements and the Free Trade Agreement of the Americas : The Importance of Market Access |
| title_full |
Chile's Regional Arrangements and the Free Trade Agreement of the Americas : The Importance of Market Access |
| title_fullStr |
Chile's Regional Arrangements and the Free Trade Agreement of the Americas : The Importance of Market Access |
| title_full_unstemmed |
Chile's Regional Arrangements and the Free Trade Agreement of the Americas : The Importance of Market Access |
| title_sort |
chile's regional arrangements and the free trade agreement of the americas : the importance of market access |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/07/1551966/chiles-regional-arrangements-free-trade-agreement-americas-importance-market-access http://hdl.handle.net/10986/19581 |
| _version_ |
1764440072484028416 |