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MERCOSUR: Objectives and achievements

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  • Laird, Sam

Abstract

MERCOSUR is one of the most important examples of renewed world-wide interest in regional trade agreements. It may be seen as a consolidation of unilateral reforms undertaken in conjunction with major macroeconomic adjustments. The paper reviews the objectives of MERCOSUR and assesses its achievements. It concludes that considerable progress has been made to achieving a customs union and even beyond that towards a common (but not EU-style single) market, but there are a number of areas where progress is still to be made.

Suggested Citation

  • Laird, Sam, 1997. "MERCOSUR: Objectives and achievements," WTO Staff Working Papers TPRD-97-02, World Trade Organization (WTO), Economic Research and Statistics Division.
    • Handle: RePEc:zbw:wtowps:tprd9702
    DOI: 10.30875/fe3472ed-en
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    References listed on IDEAS

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    1. Sebastian Edwards, 1994. "Trade and Industrial Policy Reform in Latin America," NBER Working Papers 4772, National Bureau of Economic Research, Inc.
    2. Rajapatirana, Sarath, 1994. "The evolution of trade treaties and trade creation : lessons for Latin America," Policy Research Working Paper Series 1371, The World Bank.
    3. Marcelo de Paiva Abreu & Afonso S. Bevilaqua, 1995. "Macroeconomic coordination and economic integration: lessons for a Western Hemisphere Free Trade Area," Textos para discussão 340, Department of Economics PUC-Rio (Brazil).
    4. Krueger, Anne O., 1997. "Free trade agreements versus customs unions," Journal of Development Economics, Elsevier, vol. 54(1), pages 169-187, October.
    5. Shirley, Mary M., 1994. "Privatization in Latin America: Lessons for transitional Europe," World Development, Elsevier, vol. 22(9), pages 1313-1323, September.
    6. de Melo, Jaime & Dhar, Sumana, 1992. "Lessons of trade liberalization in Latin America for economies in transition," Policy Research Working Paper Series 1040, The World Bank.
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    Cited by:

    1. Hoekman, Bernard, 1998. "Free trade and deep integration : antidumping and antitrust in regional agreements," Policy Research Working Paper Series 1950, The World Bank.
    2. Bohara, Alok K. & Gawande, Kishore & Sanguinetti, Pablo, 2004. "Trade diversion and declining tariffs: evidence from Mercosur," Journal of International Economics, Elsevier, vol. 64(1), pages 65-88, October.
    3. Pedro Moncarz, 2010. "Argentina's import patterns: trade preferences and the extensive margin of trade," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 13(1), pages 61-85.
    4. Filho, Joaquim Bento de Souza Ferreira, 1999. "Trade Liberalization, The Mercosur Integration Process and the Agriculture-Industry Transfers: a General Equilibrium Analysis," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 53(4), October.
    5. Pedro Moncarz, 2010. "Argentina's import patterns: trade preferences and the extensive margin of trade," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 13(1), pages 61-85.
    6. Haaparanta, Pertti & Kerkelä, Leena & Liski, Matti & Riipinen, Toni & Sulamaa, Pekka, 2001. "Climate Change Policies, World Markets and Finland - Simulation Results," Conference papers 330943, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    7. Francesco Paolo Mongelli & Ettore Dorrucci & Itai Agur, 2005. "What does European institutional integration tell us about trade integration?," Occasional Paper Series 40, European Central Bank.
    8. Nigel Nagarajan, 1998. "MERCOSUR and Trade Diversion: What Do The Import Figures Tell Us?," European Economy - Economic Papers 2008 - 2015 129, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.

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    More about this item

    Keywords

    Customs union; MERCOSUR; tariffs; non-tariff measures;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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