Preferential trade agreements and agricultural trade liberalization in Asia and the Pacific
The paper addresses preferential trade agreements in Asia and the Pacific with the objective of identifying their characteristics which can be useful in assessing the effects of their implementation. The paper relies mostly on the Asia-Pacific Trade and Investment Agreements Database (APTIAD) in sourcing data and information for analysis. On 26 February 2007 APTIAD was tracking 125 preferential trade agreements one party of which was a member of ESCAP. Eighty seven of those agreements of various types are in force, 62 of them being bilateral agreements, 11 regional trade agreements (RTAs), and 11 country-bloc agreements (the residual is made up of agreements of different scope, i.e. global and country-plurilateral.). The paper utilizes information on membership and coverage of agreements as well as statistical data on goods trade flows in discussing selected important aspects of preferential trade in Asia and the Pacific: (a) the rapid proliferation of preferential trade and revealed preference for bilateral links; (b) strong tolerance for engagement in multiple trade agreements with the same trading partner; and (c) reluctance to commit to full and quick liberalization in merchandise trade, or expose other than industrial goods trade areas to preferential liberalization. The extent of liberalization of trade in agricultural goods through the PTAs in the region is focus of a separate section which also briefly discusses “new” arguments for agricultural trade protectionism in developing countries. Penultimate section discusses the ways in which PTAs could be harnessed to work as complementary with the multilateral trading regime. Some policy recommendations are offered as well.
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References listed on IDEAS
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- Yann Duval, 2006. "An exploration of the need for and cost of selected trade facilitation measures in Asia-Pacific in the context of the WTO negotiations," Working Papers 1406, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
- Crawford, Jo-Ann & Fiorentino, Roberto V., 2005. "The changing landscape of regional trade agreements," WTO Discussion Papers 8, World Trade Organization (WTO), Economic Research and Statistics Division.
- Denis Medvedev, 2010.
"Preferential trade agreements and their role in world trade,"
Review of World Economics (Weltwirtschaftliches Archiv),
Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 146(2), pages 199-222, June.
- Medvedev, Denis, 2006. "Preferential trade agreements and their role in world trade," Policy Research Working Paper Series 4038, The World Bank.
- Maurice Schiff & L. Alan Winters, 2003. "Regional Integration and Development," World Bank Publications, The World Bank, number 15172, September.
- Nuno Limao, 2006. "Preferential Trade Agreements as Stumbling Blocks for Multilateral Trade Liberalization: Evidence for the United States," American Economic Review, American Economic Association, vol. 96(3), pages 896-914, June.
- Gary Clyde Hufbauer & Yee Wong, 2005. "Prospects for Regional Free Trade in Asia," Working Paper Series WP05-12, Peterson Institute for International Economics. Full references (including those not matched with items on IDEAS)
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