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Trade Policy and Regional Integration: Implications for the Relations between Europe and Africa

Author

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  • Collier, Paul
  • Toye, John

Abstract

For Africa, a regional customs union is unlikely to realise net welfare gains (in the sense of trade creation dominating trade diversion) which cannot be attained through unilateral trade liberalization. Unilateral reform has often failed in Africa, however. A regional customs union tied to Europe with reciprocal free trade is likely to dominate unilateral liberalization in several ways. Most importantly, it would make trade liberalization credible and thereby easier to sustain.

Suggested Citation

  • Collier, Paul & Toye, John, 1994. "Trade Policy and Regional Integration: Implications for the Relations between Europe and Africa," CEPR Discussion Papers 1012, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:1012
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    More about this item

    Keywords

    Credibility; Reciprocal Distrimination; Regional Integration; Trade Liberalization;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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