IDEAS home Printed from https://ideas.repec.org/p/wbk/wbrwps/827.html
   My bibliography  Save this paper

Free trade agreements with the United States : what's in it for Latin America?

Author

Listed:
  • Erzan, Refik
  • Yeats, Alexander

Abstract

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.

Suggested Citation

  • Erzan, Refik & Yeats, Alexander, 1992. "Free trade agreements with the United States : what's in it for Latin America?," Policy Research Working Paper Series 827, The World Bank.
  • Handle: RePEc:wbk:wbrwps:827
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1992/01/01/000009265_3961002053133/Rendered/PDF/multi0page.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Sapir, Andre & Baldwin, Robert E., 1983. "India and the Tokyo round," World Development, Elsevier, vol. 11(7), pages 565-574, July.
    2. 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 905-912, December.
    3. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Butelmann, Andrea & Meller, Patricio, 1995. "Evaluation of a Chile-US Free Trade Agreement," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1477, February.
    2. Weintraub, Sidney, 1992. "Western Hemisphere free trade: getting from here to there," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 33905, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Singer, Hans W., 1995. "Is a genuine partnership possible in a Western Hemisphere free trade area?," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1444, February.
    4. Kuwayama, Mikio, 1992. "New forms of investment (NFI) in Latin American-United States trade relations," Series Históricas 7, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. Abreu, Marcelo de Paiva, 1993. "Brazil-US economic relations and the enterprise for the Americas Initiative," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 33920, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    6. Swapan K. Bhattacharya & Biswanath Bhattacharyay, 2006. "Prospects of Regional Cooperation in Trade, Investment and Finance in Asia: An Empirical Analysis on BIMSTEC Countries and Japan," CESifo Working Paper Series 1725, CESifo Group Munich.
    7. -, 1995. "Trade liberalization in the Western Hemisphere," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1389 edited by Idb, February.
    8. Jaime De Melo & Arvind Panagariya & Dani Rodrik, 2015. "The New Regionalism: A Country Perspective," World Scientific Book Chapters,in: Developing Countries in the World Economy, chapter 14, pages 323-357 World Scientific Publishing Co. Pte. Ltd..
    9. Hayes, Jeffrey W. & Lipset, Seymour Martin, 1995. "The social roots of United States protectionism," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1508, February.
    10. Weintraub, Sidney, 1995. "Western Hemisphere free trade: getting from here to there," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1466, February.
    11. Corden, W. Max, 1995. "A Western Hemisphere free trade area: implications for Latin America," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1400, February.
    12. Dornbusch, Rüdiger, 1995. "North-South trade relations in the Americas: the case for free trade," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1411, February.
    13. Safadi, Raed & Yeats, Alexander, 1993. "The North American Free Trade Agreement (NAFTA) : its effect on South Asia," Policy Research Working Paper Series 1119, The World Bank.
    14. Bresser Pereira, Luiz Carlos & Thorstensen, Vera, 1995. "From MERCOSUR to American integration," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1500, February.
    15. Dookeran, Winston, 1995. "Preferential trade agreements in the Caribbean: issues and approaches," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1507, February.
    16. Blecker, Robert A. & Spriggs, William E., 1995. "Beyond NAFTA: employment, growth, and income-distribution effects of a Western Hemisphere free trade area," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1455, February.
    17. Abreu, Marcelo de Paiva, 1995. "Economic relations of Brazil and the United States and the Enterprise for the Americas Initiative," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1489, February.
    18. Pastor, Robert A., 1995. "The North American Free Trade Agreement: hemispheric and geopolitical implications," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1422, February.
    19. Bhattacharya, Swapan K. & Bhattacharyay, Biswa N., 2007. "An empirical analysis on prospects and challenges of BIMSTEC-Japan trade integration," Journal of Asian Economics, Elsevier, vol. 18(3), pages 509-536, June.
    20. Biswa N Bhattacharyay & Swapan K. Bhattacharya, 2010. "Free Trade Agreement between People’s Republic of China and India: Likely Impact and Its Implications to Asian Economic Community," Working Papers id:3272, eSocialSciences.
    21. Krueger, Anne O., 1995. "Conditions for maximizing the gains from a WHFTA," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1433, February.
    22. Krissoff, Barry & Sharples, Jerry A., 1993. "Preferential Trading Arrangements In Western Hemisphere Countries," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 22(1), April.
    23. Kalirajan Kaliappa & Paudel Ramesh, 2015. "India’s Trade Deficit with China: Will Free Trade Agreement (FTA) Work for India?," Global Economy Journal, De Gruyter, vol. 15(4), pages 485-505, December.
    24. Schuh, G. Edward & Junguito, Roberto, 1993. "Trade and agricultural development in the 1980s and the challenges for the 1990s: Latin America," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 8(4), June.
    25. Dussel Peters, Enrique & Gallagher, Kevin P., 2013. "NAFTA's uninvited guest: China and the disintegration of North American trade," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. 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). General contact details of provider: http://edirc.repec.org/data/dvewbus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.