This study provides a quantitative estimate of the potential economic consequences of multilateral trade reform under the WTO for Africa using a framework that explicitly incorporates issues of concern to the region, such as preference erosion, loss of tariff revenue, and trade facilitation. It also examines the impact of OECD agricultural support programmes on economic welfare and specialisation in Africa. In the static version of the GTAP model, the study finds that full liberalisation of trade would increase global welfare (income) by 0.3 per cent, but would add 0.7 per cent annually to income in the African region. Sub-Saharan Africa and, to a lesser extent, Southern Africa, are vulnerable to partial trade reforms as they incur losses from partial reform while all other regions derive positive gains from a liberalisation of minor scope.
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Paper provided by EconWPA in its series International Trade with number
0407013.
Length: 90 pages Date of creation: 28 Jul 2004 Date of revision: Handle: RePEc:wpa:wuwpit:0407013
Note: Type of Document - pdf; pages: 90. Joint study of United Nations Economic Commission for Africa and the Agricultural Economcis Research Institute (LEI) The Netherlands. General equilibium model of trade and production. Simulates possible effects of WTO-Doha agreement on African countries. Takes into acount existing trade preferces (GSP, ACP ect.) and existing binding overhang. Contact details of provider: Web page: http://129.3.20.41
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Find related papers by JEL classification: F1 - International Economics - - Trade F2 - International Economics - - International Factor Movements and International Business
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