Free trade agreements with the United States : what's in it for Latin America?
AbstractUnlike earlier analysts, who have focused on U.S. objectives, the authors focus here on what 11 Latin American countries (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, and Venezuela) stand to gain from a preferential removal of U.S. trade barriers - that is, from the development of a free trade area (FTA) arrangement. They find that the United States is limited in its ability to extend significant FTA preferences to most Latin American countries because of the existing Generalized System of Preferences and the cuts in import duties negotiated in such previous multilateral trade negotiations as the Tokyo Round. They do not formally project the potential FTA-induced expansion of U.S. exports, but do make some detailed comparisons of the levels of tariff and nontariff protection in the U.S. and Latin American markets. Those comparisons suggest that the U.S. trade gains - particularly for highly protected transport and machinery products - are likely to be considerably greater than those for Latin America in the U.S. market. Their analysis also accents the potential dangers associated with independent negotiation of FTAs. Agreements that extend preferences to U.S. products below tariffs paid by other countries in the region would have a serious negative impact on trade among Latin American countries. Finally, the authors note that a successful conclusion of the Uruguay Round could greatly affect their projections.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 827.
Date of creation: 31 Jan 1992
Date of revision:
TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT; Trade Policy; Economic Theory&Research; Environmental Economics&Policies; Trade and Regional Integration;
Find related papers by JEL classification:
- TF0 - - - - - -
- FUN - International Economics - - - - -
- OPE - Economic Development, Technological Change, and Growth - - - - -
- ADM - General Economics and Teaching - - - - -
- FEE - International Economics - - - - -
- INC - Health, Education, and Welfare - - - - -
- AND - General Economics and Teaching - - - - -
- EXP - Macroeconomics and Monetary Economics - - - - -
- ACC - General Economics and Teaching - - - - -
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.:
- Yeats, Alexander J., 1984. "On the analysis of tariff escalation : Is there a methodological bias against the interest of developing countries?," Journal of Development Economics, Elsevier, vol. 15(1-3), pages 77-88.
- Sapir, Andre & Baldwin, Robert E., 1983.
"India and the Tokyo round,"
Elsevier, vol. 11(7), pages 565-574, July.
- Finger, J M & Kreinin, M E, 1979. "A Measure of 'Export Similarity' and Its Possible Uses," Economic Journal, Royal Economic Society, vol. 89(356), pages 905-12, December.
- Langhammer, Rolf J., 1983. "Problems and effects of a developing countries' tariff concession round on South-South trade," Kiel Working Papers 167, Kiel Institute for the World Economy.
- Bhattacharya, Swapan K. & Bhattacharyay, Biswa N., 2007. "An empirical analysis on prospects and challenges of BIMSTEC-Japan trade integration," Journal of Asian Economics, Elsevier, vol. 18(3), pages 509-536, June.
- Biswa N Bhattacharyay & Swapan K. Bhattacharya, 2010. "Free Trade Agreement between People’s Republic of China and India: Likely Impact and Its Implications to Asian Economic Community," Working Papers id:3272, eSocialSciences.
- Swapan K. Bhattacharya & Biswanath Bhattacharyay, 2006. "Prospects of Regional Cooperation in Trade, Investment and Finance in Asia: An Empirical Analysis on BIMSTEC Countries and Japan," CESifo Working Paper Series 1725, CESifo Group Munich.
- de Melo, Jaime & Panagariya, Arvind & Rodrik, Dani, 1992.
"The New Regionalism: A Country Perspective,"
CEPR Discussion Papers
715, C.E.P.R. Discussion Papers.
- Krissoff, Barry & Sharples, Jerry A., 1993. "Preferential Trading Arrangements In Western Hemisphere Countries," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 22(1), April.
- Safadi, Raed & Yeats, Alexander, 1993. "The North American Free Trade Agreement (NAFTA) : its effect on South Asia," Policy Research Working Paper Series 1119, The World Bank.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.