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Managing the Minerals Sector: Implications for Trade from Peru and Colombia

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  • Jane Korinek

    (OECD)

Abstract

Managing and regulating the extractive industries can pose substantial challenges to minerals-rich countries. Aiming to overcome the “resource curse”, some countries attempt to generate greater gains from their natural resources by using trade policy instruments such as export restrictions. Others look to create a balanced regulatory framework to maximise gains from sustainable extraction and minimise the negative spillover effects. Colombia and Peru have aimed to do the latter. This study examines their experiences as regards some aspects of the management of their extractive industries. In particular, it examines the design of the tax system as it applies to non-renewable resources, the reform of the distribution of revenues from the sector, and strategies for tackling illegal mining. These policy areas are important to ensure that the extraction of natural resources benefits the economies and societies of the two Andean nations.

Suggested Citation

  • Jane Korinek, 2015. "Managing the Minerals Sector: Implications for Trade from Peru and Colombia," OECD Trade Policy Papers 186, OECD Publishing.
    • Handle: RePEc:oec:traaab:186-en
    DOI: 10.1787/5jrp6wrc2r7l-en
    as

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    File URL: https://doi.org/10.1787/5jrp6wrc2r7l-en
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    References listed on IDEAS

    as
    1. Jane Korinek, 2013. "Mineral Resource Trade in Chile: Contribution to Development and Policy Implications," OECD Trade Policy Papers 145, OECD Publishing.
    2. Elias A. Baracat & J. Michael Finger & Raúl León Thorne & Julio J. Nogués, 2013. "Sustaining Trade Reform : Institutional Lessons from Argentina and Peru," World Bank Publications - Books, The World Bank Group, number 15794, December.
    3. J. Michael Finger & Julio J. Nogués, 2006. "Safeguards and Antidumping in Latin American Trade Liberalization : Fighting Fire with Fire," World Bank Publications - Books, The World Bank Group, number 7407, December.
    4. Jane Korinek, 2014. "Export Restrictions on Raw Materials: Experience with Alternative Policies in Botswana," OECD Trade Policy Papers 163, OECD Publishing.
    5. Jair N. OJeda & Julián A. Parra Polanía & Carmiña O. Vargas, 2014. "Natural-Resource Booms, Fiscal Rules and Welfare in a Small Open Economy," Borradores de Economia 807, Banco de la Republica de Colombia.
    6. Jorge C. Rodriguez & Carla R. Tokman & Alejandra C. Vega, 2007. "Structural Balance Policy in Chile," OECD Journal on Budgeting, OECD Publishing, vol. 7(2), pages 59-92.
    7. Illescas, Javier & Jaramillo, C. Felipe, 2011. "Export growth and diversification : the case of Peru," Policy Research Working Paper Series 5868, The World Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    corruption; export restrictions; extractive industries; mining; trade policy;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts
    • Q37 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Issues in International Trade

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