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Regional Trade Integration and WTO Accession: Which Is the Right Sequencing? An Application to the CIS

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  • Ms. Patrizia Tumbarello

Abstract

This paper analyzes the appropriate sequencing between accession to the World Trade Organization (WTO) and the implementation of the Eurasian Economic Community (EAEC) customs union and whether the latter facilitates or delays WTO accession for some member countries of the Commonwealth of Independent States (CIS). If EAEC members pursue a coordinated approach toward WTO accession, this may cause delays that benefit some countries at the expense of others. The paper simulates the welfare effects resulting from the two sequencing alternatives (customs union and WTO or the reverse). The results show that, from a consumer surplus standpoint, it would be preferable to join the WTO ahead of the EAEC customs union. This paper does not attempt to assess the welfare implications of joining the EAEC as a political and economic entity, but only the welfare implications resulting from the implementation of the EAEC customs union.

Suggested Citation

  • Ms. Patrizia Tumbarello, 2005. "Regional Trade Integration and WTO Accession: Which Is the Right Sequencing? An Application to the CIS," IMF Working Papers 2005/094, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2005/094
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    References listed on IDEAS

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    1. Michael Roberts & Peter Wehrheim, 2001. "Regional trade agreements and WTO accession of CIS countries," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 36(6), pages 315-323, November.
    2. Marcelo Olarreaga & Hiau Looi Kee & Alessandro Nicita, 2004. "Estimating Import Demand and Export Supply Elasticities," Econometric Society 2004 North American Summer Meetings 368, Econometric Society.
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    5. repec:wbk:wbpubs:14933 is not listed on IDEAS
    6. Soamiely Andriamananjara & Maurice Schiff, 2001. "Regional Cooperation among Microstates," Review of International Economics, Wiley Blackwell, vol. 9(1), pages 42-51, February.
    7. Mr. Yaroslav D Lissovolik & Mr. Bogdan Lissovolik, 2004. "Russia and the WTO: The "Gravity" of Outsider Status," IMF Working Papers 2004/159, International Monetary Fund.
    8. Michalopoulos, Constantine & Tarr, David, 1997. "The economics of customs unions in the Commonwealth of Independent States," Policy Research Working Paper Series 1786, The World Bank.
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    Citations

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    Cited by:

    1. Sherzod Shadikhodjaev, 2008. "Eurasian Economic Community (EurAsEC) : Legal Aspects of Regional Trade Integration," Trade Working Papers 22994, East Asian Bureau of Economic Research.
    2. Richard Pomfret, 2009. "Central Asia after Two Decades of Independence," Adelaide Economics Working Papers 2009-32, Adelaide University, School of Economics.
    3. Christensen, Garry & Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in the Kyrgyz Republic," Agricultural Distortions Working Paper Series 48361, World Bank.
    4. Richard Pomfret, 2006. "Coordinating Aid for Regional Cooperation Projects: The Experience of Central Asia," The Institute for International Integration Studies Discussion Paper Series iiisdp163, IIIS.
    5. Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in Kazakhstan," Agricultural Distortions Working Paper Series 48360, World Bank.
    6. Richard Pomfret, 2009. "Regional integration in Central Asia," Economic Change and Restructuring, Springer, vol. 42(1), pages 47-68, May.
    7. Turakulov, Valijon, 2020. "Trade Policy Issues of Oil-rich but Land-locked Country Case: Focusing on Kazakhstan post-WTO entry," Conference papers 333223, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    8. Kakhkharov, Jakhongir, 2007. "Regional Cooperation in Central Asia: Viewpoint from Uzbekistan," MPRA Paper 64130, University Library of Munich, Germany.
    9. Aktoty Aitzhanova & Shigeo Katsu & Johannes F. Linn & Vladislav Yezhov (ed.), 2014. "Kazakhstan 2050: Toward a Modern Society for All," Books, Emerging Markets Forum, edition 1, number kazakh2050, September.
    10. Kakhkharov, Jakhongir, 2013. "Central Asian Security and Water/ Energy Relations between Uzbekistan and Tajikistan," MPRA Paper 64024, University Library of Munich, Germany.
    11. Ms. Patrizia Tumbarello, 2007. "Are Regional Trade Agreements in Asia Stumbling or Building Blocks? Implications for the Mekong-3 Countries," IMF Working Papers 2007/053, International Monetary Fund.
    12. Richard Pomfret, 2009. "Central Asia after Two Decades of Independence," School of Economics Working Papers 2009-32, University of Adelaide, School of Economics.
    13. Richard Pomfret, 2011. "Trade and Transport in Central Asia," Book Chapters, in: Werner Hermann & Johannes F. Linn (ed.), Central Asia and the Caucasus: At the Crossroads of Eurasia in the 21st Century, chapter 3, pages 43–62, Emerging Markets Forum.

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