Unrestricted Market Access for Sub-Saharan Africa: How Much is it Worth and Who Pays?
Initiatives to improve market access for the poorest countries have recently been announced by the European Union, Japan and the United States. This Paper assesses the impact on Sub-Saharan Africa (SSA) of these initiatives and others that might be taken. We find that fully unrestricted access to all the QUAD countries would produce substantial gains for SSA, leading to a 14% increase in non-oil exports ($2.5 billion) and boosting real incomes in SSA by around 1%. Most of these gains would come from preferential access to the highly protected Japanese and European agricultural markets. The smallness of SSA ensures that the costs of trade diversion for the QUAD and other developing countries are negligible.
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- Hoekman, Bernard & Ng, Francis & Olarreaga, Marcelo, 2001. "Tariff Peaks in the Quad and Least Developed Country Exports," CEPR Discussion Papers 2747, C.E.P.R. Discussion Papers.
- Emiko Fukase & Will Martin, 2000. "The effects of the United States granting MFN status to Vietnam," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 136(3), pages 539-559, 09.
- Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685, November.
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