Beyond Market Access : The New Normal of Preferential Trade Agreements
This paper takes stock of the growing success of preferential trade agreements. It revisits what are the defining characteristics of modern preferential trade agreements, which are typically pursued for a diverse array of motives. In particular, th...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101021082537 http://hdl.handle.net/10986/3937 |
| Summary: | This paper takes stock of the growing
success of preferential trade agreements. It revisits what
are the defining characteristics of modern preferential
trade agreements, which are typically pursued for a diverse
array of motives. In particular, the market access
justification traditionally used to analyze the desirability
and impact of preferential trade agreements misses
increasingly important dimensions. The "Beyond Market
Access" agenda of preferential trade agreements
presents a new and broad set of deep regulatory and policy
issues that differs in substance from the removal of tariff
and quantitative barriers to trade. Issues related to
preferences and discrimination, as well as the nature and
implementation of commitments acquire a different meaning in
deep preferential trade agreements. This change of paradigm
presents significant opportunities and challenges for
reform-minded developing countries to use preferential trade
agreements to their own advantage. |
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