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An assessment of the performance of CARICOM extraregional trade agreements: An initial scoping exercise

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  • McLean, Sheldon
  • Khadan, Jeetendra

Abstract

Despite its active embrace of trade liberalization and the maintainance of relatively open economies, CARICOM trade performance both within the region and extraregionally has been poor. The nexus between bilateral Free Trade Agreements (FTAs), Partial Scope Agreements (PSAs) and preferential trade arrangements, which was intended to assist in compensating for the small size of domestic and regional markets, while providing an additional tier of trade and economic integration, has thus far failed to deliver its intended results. This paper makes this conclusion in assessing the performance of these extraregional trade agreements and sheds light on issues not often discussed.

Suggested Citation

  • McLean, Sheldon & Khadan, Jeetendra, 2015. "An assessment of the performance of CARICOM extraregional trade agreements: An initial scoping exercise," Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean 37612, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col033:37612
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    Cited by:

    1. -, 2018. "Evaluation of the economic and social impact of possible trade negotiations between Jamaica and Central America, Mexico and the countries of the Northern Caribbean," Documentos de Proyectos 44145, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. -, 2020. "The Caribbean Outlook: Forging a people-centred approach to sustainable development post-COVID-19," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 46192 edited by Eclac, March.

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