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Trade Liberalization In Trinidad And Tobago: Reducing The Common External Tariff

Author

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  • Kazarian, Naira
  • Ames, Glenn C.W.

Abstract

A two-sector, three-good model, developed by S. Devarajan et al. at the World Bank was used to analyze trade liberalization in Trinidad and Tobago as an example of the country's new open economy policy. A 20% reduction in T&T's import tariff rate resulted in increased import volume, overall decline in consumer prices, investment level, tax revenue and government savings, and a positive growth in overall consumption.

Suggested Citation

  • Kazarian, Naira & Ames, Glenn C.W., 2000. "Trade Liberalization In Trinidad And Tobago: Reducing The Common External Tariff," Faculty Series 16723, University of Georgia, Department of Agricultural and Applied Economics.
    • Handle: RePEc:ags:ugeofs:16723
    DOI: 10.22004/ag.econ.16723
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    Cited by:

    1. Dameus, Alix & Tilley, Daniel S. & Brorsen, B. Wade, 2000. "Caribbean Demand Of U.S. And Rest-Of-The-World Starchy Food (Wheat, Rice, Corn, And Fresh Potatoes): A Restricted Source Differentiated Almost Ideal Demand System," A.E. Series 25232, Oklahoma State University, Department of Agricultural Economics.

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    Keywords

    International Relations/Trade;

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