Advanced Search
MyIDEAS: Login

Bilateral and Regional Trade Agreements

Contents:

Author Info

  • Commission, Productivity

    ()
    (Productivity Commission)

Registered author(s):

    Abstract

    The Productivity Commission was asked to examine the effects of bilateral and regional trade agreements, including on trade and investment barriers, regional integration and Australia's economy generally. The Commission concluded the benefits of these agreements have been oversold and the processes for developing them should be improved. The Commission found that while there is the potential for some gains from preferential agreements, unilateral reform and non-discriminatory trade liberalisation offer larger benefits. While tariff preferences in trade agreements can benefit some industries, the Commission found little evidence that Australia's recent bilateral agreements had provided substantial commercial benefits. The main factors that influence decisions to do business in other countries are likely to lie outside the scope of such agreements. The study concluded that while preferential trade agreements could increase national income, the net effect is likely to be modest. The study also found that some provisions included in Australia's recent preferential trade agreements — including investor-state dispute settlement mechanisms, government procurement requirements, intellectual property protections and provisions affecting areas traditionally the province of domestic policy, such as culture — potentially entail significant costs or risks. To ensure that options other than trade agreements are properly considered, and that any further agreements entered into are warranted, the study recommended that the Government make changes to its trade policy development processes. Under the Commission's proposals, the Government would undertake an annual Trade Policy Review to better identify priorities, enhance the value of consultation and consider trade policy in a broader context. And where there is an interest in pursuing a trade agreement with particular countries, economic assessments should be based on realistic scenarios with any modelling overseen by an independent body. Final assessments to government should be based on the negotiated text of the agreement.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.pc.gov.au/__data/assets/pdf_file/0010/104203/trade-agreements-report.pdf
    File Function: Full PDF of report
    Download Restriction: no

    File URL: http://www.pc.gov.au/projects/study/trade-agreements/report
    File Function: Publication webpage
    Download Restriction: no

    Bibliographic Info

    as in new window
    This book is provided by Productivity Commission, Government of Australia in its series Research Reports with number 43 and published in 2010.

    ISBN: 978-1-74037-329-6
    Handle: RePEc:ris:prodcs:0043

    Contact details of provider:
    Postal: Level 28, 35 Collins St, Melbourne Victoria 3000
    Phone: 61 3 9653 2100
    Fax: 61 3 9653 2199
    Email:
    Web page: http://www.pc.gov.au/
    More information through EDIRC

    Related research

    Keywords: bilateral trade; regional trade; trade liberalisation; investment barriers; trade barriers; bilateral agreements; tariff reductions;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ris:prodcs:0043. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (MAPS).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.