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Deep trade policy options for Armenia : the importance of services, trade facilitation and standards liberalization

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Listed:
  • Jensen, Jesper
  • Tarr, David G.

Abstract

This paper develops an innovative 21 sector computable general equilibrium model of Armenia to assess the impact on Armenia of a Deep and Comprehensive Free Trade Agreement with the European Union, as well as further regional or multilateral trade policy commitments. The analysis finds that such an agreement with the European Union will likely result in substantial gains to Armenia, but shows that the gains derive from the deep aspects of the agreement. In order of importance, the sources of the gains are: (i) trade facilitation and reduction in border costs; (ii) services liberalization; and (iii) standards harmonization. A shallow agreement with the European Union that focuses only on preferential tariff liberalization in goods will likely lead to small losses to Armenia primarily due to a loss of productivity from lost varieties of technologies from the rest of the world region in manufactured products. Additional gains can be expected in the long run from an improvement in the investment climate. The authors estimate only small gains from a services agreement with countries of the Commonwealth of Independent States, but significant gains from expanding services liberalization multilaterally.

Suggested Citation

  • Jensen, Jesper & Tarr, David G., 2011. "Deep trade policy options for Armenia : the importance of services, trade facilitation and standards liberalization," Policy Research Working Paper Series 5662, The World Bank.
  • Handle: RePEc:wbk:wbrwps:5662
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    Cited by:

    1. repec:bla:worlde:v:40:y:2017:i:12:p:2564-2591 is not listed on IDEAS
    2. Ana Paula Cusolito & Raed Safadi & Daria Taglioni, 2016. "Inclusive Global Value Chains," World Bank Publications, The World Bank, number 24910, April.
    3. Hannah Schuerenberg-Frosch, 2015. "How to Model a Child in School? A Dynamic Macrosimulation Study for Tanzania," South African Journal of Economics, Economic Society of South Africa, vol. 83(1), pages 117-139, March.
    4. Christen, Elisabeth & Francois, Joseph & Hoekman, Bernard, 2013. "Computable General Equilibrium Modeling of Market Access in Services," Handbook of Computable General Equilibrium Modeling, Elsevier.
    5. Edward J. Balistreri & Zoryana Olekseyuk & David G. Tarr, 2017. "Privatisation and the unusual case of Belarusian accession to the WTO," The World Economy, Wiley Blackwell, vol. 40(12), pages 2564-2591, December.

    More about this item

    Keywords

    Economic Theory&Research; Transport Economics Policy&Planning; Emerging Markets; Free Trade; Trade Policy;

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