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Beyond market access : the new normal of preferential trade agreements

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  • Chauffour, Jean-Pierre
  • Maur, Jean-Christophe

Abstract

This paper takes stock of the growing success of preferential trade agreements. It revisits what are the defining characteristics of modern preferential trade agreements, which are typically pursued for a diverse array of motives. In particular, the market access justification traditionally used to analyze the desirability and impact of preferential trade agreements misses increasingly important dimensions. The"Beyond Market Access"agenda of preferential trade agreements presents a new and broad set of deep regulatory and policy issues that differs in substance from the removal of tariff and quantitative barriers to trade. Issues related to preferences and discrimination, as well as the nature and implementation of commitments acquire a different meaning in deep preferential trade agreements. This change of paradigm presents significant opportunities and challenges for reform-minded developing countries to use preferential trade agreements to their own advantage.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 5454.

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Date of creation: 01 Oct 2010
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Handle: RePEc:wbk:wbrwps:5454

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Related research

Keywords: Trade Law; Free Trade; Environmental Economics&Policies; Emerging Markets; Trade and Regional Integration;

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  1. Ju Hyun Pyun & Jong-Wha Lee, 2011. "Does Trade Integration Contribute to Peace?," Working Papers 117, University of California, Davis, Department of Economics.
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  9. Pravin Krishna, . "Regionalism and Multilaterialism: A Political Economy Approach," Working Papers 96-5, Brown University, Department of Economics.
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  11. Céline Carrère & Jaime de Melo & Bolormaa Tumurchudur, 2010. "Disentangling Market Access Effects of Preferential Trading Arrangements with an Application for ASEAN Members under an ASEAN-EU FTA," The World Economy, Wiley Blackwell, vol. 33(1), pages 42-59, 01.
  12. Hoekman, Bernard & Sekkat, Khalid, 2010. "Arab Economic Integration: Missing links," CEPR Discussion Papers 7807, C.E.P.R. Discussion Papers.
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  14. Maur, Jean-Christophe, 2008. "Regionalism and trade facilitation : a primer," Policy Research Working Paper Series 4464, The World Bank.
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