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Trade Policies in Central Asia after EU Enlargement and before Russian WTO accession: Regionalism and Integration into the world economy

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  • Richard Pomfret

    (University of Adelaide, School of Economics)

Abstract

This paper analyses the choices between regionalism and multilateralism, and the impact of WTO membership on the five Central Asian countries. The two main sections analyse (1) why the large number of regional trade agreements which the Central Asian countries have signed have had little economic impact, and (2) the consequences for the Central Asian countries of Chinese and Russian WTO membership and the consequences of the current Central Asian applicants’ (Kazakhstan, Tajikistan and Uzbekistan) own WTO accession. During the1990s, many regional trade agreements were signed - arrangements both among the Central Asian countries, and between Central Asian countries and their neighbours (Russia to the north, China to the east, and Iran and Turkey to the south) – but not implemented and, although the Kyrgyz Republic became a WTO member in 1998, the Central Asian countries vacillated between pursuing regional and multilateral trade policy avenues. The Central Asian countries’ relationship to the WTO became a more pressing issue after China’s long-running WTO accession negotiations were successfully concluded in December 200 and as Russian negotiations are move forward. At the same time the push towards regionalism is also affected by external events such as the European Union’s deeper integration, symbolized by the appearance of euro banknotes in 2002, and the eastward expansion of the EU in 2004.

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Bibliographic Info

Paper provided by EconWPA in its series Others with number 0502003.

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Date of creation: 03 Feb 2005
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Handle: RePEc:wpa:wuwpot:0502003

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Keywords: regionalism; WTO; Central Asia;

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  1. Simeon Djankov & Caroline Freund, 1998. "Disintegration," International Finance Discussion Papers 618, Board of Governors of the Federal Reserve System (U.S.).
  2. Richard Pomfret, 2003. "Trade and Exchange Rate Policies in Formerly Centrally Planned Economies," The World Economy, Wiley Blackwell, vol. 26(4), pages 585-612, 04.
  3. Baffes, John, 2004. "Cotton : Market setting, trade policies, and issues," Policy Research Working Paper Series 3218, The World Bank.
  4. Ga�l Raballand, 2003. "Determinants of the Negative Impact of Being Landlocked on Trade: An Empirical Investigation Through the Central Asian Case," Comparative Economic Studies, Palgrave Macmillan, vol. 45(4), pages 520-536, December.
  5. Djankov, Simeon & Freund, Caroline, 2000. "Disintegration and trade flows : evidence from the Former Soviet Union," Policy Research Working Paper Series 2378, The World Bank.
  6. Pomfret, Richard, 2001. "The Economics of Regional Trading Arrangements," OUP Catalogue, Oxford University Press, number 9780199248872.
  7. F. Campos, Nauro, 2004. "What Does WTO Membership Kindle in Transition Economies?: An Empirical Investigation," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 19, pages 395-415.
  8. Djankov, Simeon & Freund, Caroline, 2002. "Trade Flows in the Former Soviet Union, 1987 to 1996," Journal of Comparative Economics, Elsevier, vol. 30(1), pages 76-90, March.
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Cited by:
  1. Richard Pomfret, 2005. "Regional Trade Agreements," School of Economics Working Papers 2005-15, University of Adelaide, School of Economics.
  2. Annageldy Arazmuradov, 2012. "Foreign Aid, Foreign Direct Investment, and Domestic Investment Nexus in Landlocked Economies of Central Asia," Economic Research Guardian, Weissberg Publishing, vol. 2(1), pages 129-151, May.
  3. Arman Mazhikeyev & T.Huw Edwards & Marian Rizov, 2014. "Openness and Isolation: the comparative trade performance of the Former Soviet Central Asian countries," Discussion Paper Series 2014_02, Department of Economics, Loughborough University, revised Feb 2014.

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