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Regional Trade Integration and WTO Accession: Which is the Right Sequencing? An Application to the CIS

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

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Length: 26 pages
Date of creation: 23 May 2005
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Handle: RePEc:imf:imfwpa:05/94

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Keywords: Trade Relations ; Armenia ; Azerbaijan ; Georgia ; Kyrgyz Republic ; Moldova ; Tajikistan ; Uzbekistan ; World Trade Organization ; Trade liberalization ;

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This paper has been announced in the following NEP Reports: References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Andriamananjara, Soamiely & Schiff, Maurice, 2001. "Regional Cooperation among Microstates," Review of International Economics, Blackwell Publishing, vol. 9(1), pages 42-51, February. [Downloadable!] (restricted)
  2. 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. [Downloadable!] (restricted)
  3. 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. [Downloadable!]
  4. Bernard Hoekman & Francis Ng & Marcelo Olarreaga, 2002. "Eliminating Excessive Tariffs on Exports of Least Developed Countries," World Bank Economic Review, Oxford University Press, vol. 16(1), pages 1-21, June.
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  5. Pravin Krishna, 1998. "Regionalism And Multilateralism: A Political Economy Approach," The Quarterly Journal of Economics, MIT Press, vol. 113(1), pages 227-250, February. [Downloadable!] (restricted)
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  6. Anne O. Krueger, 1995. "Free Trade Agreements versus Customs Unions," NBER Working Papers 5084, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Pomfret, Richard, 2007. "Coordinating Aid for Regional Cooperation Projects: The Experience of Central Asia," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    Other versions:
  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. [Downloadable!]
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