Free trade agreements with the United States : what's in it for Latin America?
Unlike earlier analysts, who have focused on U.S. objectives, the authors focus here on what 11 Latin American countries (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, and Venezuela) stand to gain from a preferential removal of U.S. trade barriers - that is, from the development of a free trade area (FTA) arrangement. They find that the United States is limited in its ability to extend significant FTA preferences to most Latin American countries because of the existing Generalized System of Preferences and the cuts in import duties negotiated in such previous multilateral trade negotiations as the Tokyo Round. They do not formally project the potential FTA-induced expansion of U.S. exports, but do make some detailed comparisons of the levels of tariff and nontariff protection in the U.S. and Latin American markets. Those comparisons suggest that the U.S. trade gains - particularly for highly protected transport and machinery products - are likely to be considerably greater than those for Latin America in the U.S. market. Their analysis also accents the potential dangers associated with independent negotiation of FTAs. Agreements that extend preferences to U.S. products below tariffs paid by other countries in the region would have a serious negative impact on trade among Latin American countries. Finally, the authors note that a successful conclusion of the Uruguay Round could greatly affect their projections.
|Date of creation:||31 Jan 1992|
|Date of revision:|
|Contact details of provider:|| Postal: 1818 H Street, N.W., Washington, DC 20433|
Phone: (202) 477-1234
Web page: http://www.worldbank.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Finger, J M & Kreinin, M E, 1979. "A Measure of 'Export Similarity' and Its Possible Uses," Economic Journal, Royal Economic Society, vol. 89(356), pages 905-12, December.
- Langhammer, Rolf J., 1983. "Problems and effects of a developing countries' tariff concession round on South-South trade," Kiel Working Papers 167, Kiel Institute for the World Economy (IfW).
- Sapir, Andre & Baldwin, Robert E., 1983.
"India and the Tokyo round,"
Elsevier, vol. 11(7), pages 565-574, July.
- Yeats, Alexander J., 1984. "On the analysis of tariff escalation : Is there a methodological bias against the interest of developing countries?," Journal of Development Economics, Elsevier, vol. 15(1-3), pages 77-88.
When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:827. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi)
If references are entirely missing, you can add them using this form.