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

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  • Ms. 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.

Suggested Citation

  • Ms. Patrizia Tumbarello, 2005. "Regional Trade Integration and WTO Accession: Which Is the Right Sequencing? An Application to the CIS," IMF Working Papers 2005/094, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2005/094
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    References listed on IDEAS

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    1. Pravin Krishna, 1996. "Regionalism and Multilateralism: A Political Economy Approach," Working Papers 96-5, Brown University, Department of Economics.
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    Citations

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    Cited by:

    1. Richard Pomfret, 2011. "Trade and Transport in Central Asia," Book Chapters, in: Werner Hermann & Johannes F. Linn (ed.), Central Asia and the Caucasus: At the Crossroads of Eurasia in the 21st Century, chapter 3, pages 43–62, Emerging Markets Forum.
    2. Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in Kazakhstan," Agricultural Distortions Working Paper Series 48360, World Bank.
    3. Sherzod Shadikhodjaev, 2008. "Eurasian Economic Community (EurAsEC) : Legal Aspects of Regional Trade Integration," Trade Working Papers 22994, East Asian Bureau of Economic Research.
    4. Richard Pomfret, 2009. "Central Asia after Two Decades of Independence," School of Economics and Public Policy Working Papers 2009-32, University of Adelaide, School of Economics and Public Policy.
    5. Richard Pomfret, 2010. "Central Asia after Two Decades of Independence," WIDER Working Paper Series wp-2010-053, World Institute for Development Economic Research (UNU-WIDER).
    6. Richard Pomfret, 2009. "Regional integration in Central Asia," Economic Change and Restructuring, Springer, vol. 42(1), pages 47-68, May.
    7. Christensen, Garry & Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in the Kyrgyz Republic," Agricultural Distortions Working Paper Series 48361, World Bank.
    8. Turakulov, Valijon, 2020. "Trade Policy Issues of Oil-rich but Land-locked Country Case: Focusing on Kazakhstan post-WTO entry," Conference papers 333223, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    9. Kakhkharov, Jakhongir, 2007. "Regional Cooperation in Central Asia: Viewpoint from Uzbekistan," MPRA Paper 64130, University Library of Munich, Germany.
    10. Aktoty Aitzhanova & Shigeo Katsu & Johannes F. Linn & Vladislav Yezhov (ed.), 2014. "Kazakhstan 2050: Toward a Modern Society for All," Books, Emerging Markets Forum, edition 1, number kazakh2050, May.
    11. Richard Pomfret, 2006. "Coordinating Aid for Regional Cooperation Projects: The Experience of Central Asia," The Institute for International Integration Studies Discussion Paper Series iiisdp163, IIIS.
    12. Kakhkharov, Jakhongir, 2013. "Central Asian Security and Water/ Energy Relations between Uzbekistan and Tajikistan," MPRA Paper 64024, University Library of Munich, Germany.
    13. Ms. Patrizia Tumbarello, 2007. "Are Regional Trade Agreements in Asia Stumbling or Building Blocks? Implications for the Mekong-3 Countries," IMF Working Papers 2007/053, International Monetary Fund.
    14. Richard Pomfret, 2009. "Central Asia after Two Decades of Independence," School of Economics Working Papers 2009-32, University of Adelaide, School of Economics.

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