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Trade Facilitation in the Commonwealth: An Economic Analysis

Author

Listed:
  • Badri Narayanan
  • Sachin Sharma
  • Mohammad Razzaque

    (Mohammad Razzaque is Adviser and Head, International Trade Policy, Trade Division, The Commonwealth Secretariat, London, UK.)

Abstract

This article examines the economic impact of trade facilitation between Commonwealth country members, using a global computable general equilibrium framework. We document enormous economic impact, much higher than a complete tariff liberalisation amongst these countries. The economic impact is quite visible in terms of welfare, gross domestic product, employment and trade in several sectors. We abstract from the costs involved in such trade facilitation—accounting for them is beyond the scope of this study. JEL Classification: F13, F62, F68

Suggested Citation

  • Badri Narayanan & Sachin Sharma & Mohammad Razzaque, 2016. "Trade Facilitation in the Commonwealth: An Economic Analysis," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 10(3), pages 305-336, August.
  • Handle: RePEc:sae:mareco:v:10:y:2016:i:3:p:305-336
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    Cited by:

    1. Ayoki, Milton, 2017. "The Development Dimension of the WTO Agreement on Trade Facilitation," MPRA Paper 87299, University Library of Munich, Germany.

    More about this item

    Keywords

    trade facilitation; GTAP; CGE; Commonwealth;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy

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