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Regional Trade Integration and WTO Accession

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  • Patrizia Tumbarello
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    Abstract

    This paper analyzes the appropriate sequencing between accession to the World Trade Organization (WTO) and the implementation of the Eurasian Economic Community (EAEC) customs union and whether the latter facilitates or delays WTO accession for some member countries of the Commonwealth of Independent States (CIS). If EAEC members pursue a coordinated approach toward WTO accession, this may cause delays that benefit some countries at the expense of others. The paper simulates the welfare effects resulting from the two sequencing alternatives (customs union and WTO or the reverse). The results show that, from a consumer surplus standpoint, it would be preferable to join the WTO ahead of the EAEC customs union. This paper does not attempt to assess the welfare implications of joining the EAEC as a political and economic entity, but only the welfare implications resulting from the implementation of the EAEC customs union.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 05/94.

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    Length: 26
    Date of creation: 01 May 2005
    Date of revision:
    Handle: RePEc:imf:imfwpa:05/94

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    Related research

    Keywords: Trade liberalization; Trade relations; World Trade Organization; Trade integration; customs; customs union; regional trade; trade agreements; tariff rates; tariff revenues; external tariff; customs unions; tariff schedule; free trade; bargaining power; regional trade integration; common external tariff; multilateral liberalization; tariff lines; trade diversion; tariff structure; multilateral negotiations; regional trade agreements; tariff rate; regional integration; trade protection; common tariff; import demand; preferential trade agreements; preferential trade; free trade area; custom union; trade area; economic community; international trade; partial equilibrium; mfn tariffs; free trade agreements; open economies; equilibrium model; zero tariff; trade agreement; trade regimes; average tariff; multilateralism; tariff structures; trade data; preferential tariff; world trade; rules of origin; economic cooperation; trade regime; trade creation; import duties; liberal trade; trade barriers; political economy; bilateral free trade; world markets; economic integration; trading system; domestic producers; bilateral free trade agreements; common customs; negotiating position; trade openness; import tariffs; world trading system; trade performance; trade preferences; free trade agreement; restrictive regulation of commerce; most-favored-nation; custom procedures; transition economies; non-wto members; multilateral framework; integration efforts; value-added tax; tariff data; customs union agreement; trade areas; accession negotiations; international trading; discriminatory measures; imported goods; trade policies; nondiscriminatory trade liberalization; nondiscriminatory trade; world price; tariff schedules; common market; external tariffs; customs duties; open economy; free trade areas;

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    1. Bernard Hoekman & Francis Ng & Marcelo Olarreaga, 2002. "Eliminating Excessive Tariffs on Exports of Least Developed Countries," World Bank Economic Review, World Bank Group, vol. 16(1), pages 1-21, June.
    2. Krueger, Anne O., 1997. "Free trade agreements versus customs unions," Journal of Development Economics, Elsevier, vol. 54(1), pages 169-187, October.
    3. Michael Roberts & Peter Wehrheim, 2001. "Regional trade agreements and WTO accession of CIS countries," Intereconomics: Review of European Economic Policy, Springer, vol. 36(6), pages 315-323, November.
    4. Pravin Krishna, . "Regionalism and Multilaterialism: A Political Economy Approach," Working Papers 96-5, Brown University, Department of Economics.
    5. Michalopoulos, Constantine & Tarr, David, 1997. "The economics of customs unions in the Commonwealth of Independent States," Policy Research Working Paper Series 1786, The World Bank.
    6. Lev Freinkman & Evgeny Polyakov & Carolina Revenco, 2004. "Trade Performance and Regional Integration of the CIS Countries," World Bank Publications, The World Bank, number 14933, October.
    7. Andriamananjara, Soamiely & Schiff, Maurice, 2001. "Regional Cooperation among Microstates," Review of International Economics, Wiley Blackwell, vol. 9(1), pages 42-51, February.
    8. Marcelo Olarreaga & Hiau Looi Kee & Alessandro Nicita, 2004. "Estimating Import Demand and Export Supply Elasticities," Econometric Society 2004 North American Summer Meetings 368, Econometric Society.
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    Cited by:
    1. Richard Pomfret, 2009. "Regional integration in Central Asia," Economic Change and Restructuring, Springer, vol. 42(1), pages 47-68, May.
    2. Patrizia Tumbarello, 2007. "Are Regional Trade Agreements in Asia Stumbling or Building Blocks? Some Implications for the Mekong-3 Countries," IMF Working Papers 07/53, International Monetary Fund.
    3. Sherzod Shadikhodjaev, 2008. "Eurasian Economic Community (EurAsEC) : Legal Aspects of Regional Trade Integration," Trade Working Papers 22994, East Asian Bureau of Economic Research.

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