Trade Policy Options for Chile : Importance of Market Access

Harrison, Glenn W. ; Rutherford, Thomas F. ; Tarr, David G.

Washington, DC:World Bank

关键词: ADDITIVE REGIONALISM;    BILATERAL FREE TRADE;    MARKET ACCESS;    REGIONAL TRADE AGREEMENTS;    TRADE DIVERSION;   

RP-ID  :  77383

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This article uses a multi sector, multicounty, computable general equilibrium model to examineChile's strategy of 'additive regionalism'negotiating bilateral free trade agreements with all of itssignificant trading partners. Taking Chile regionalarrangements bilaterally, only its agreements with Northernpartners provide sufficient market access to overcome tradediversion costs. Due to preferential market access, however,additive regionalism is likely to provide Chile with gainsthat are many multiples of the static welfare gains fromunilateral free trade. At least one partner country losesfrom each of the regional agreements considered, andexcluded countries as a group always lose. Gains to theworld from global free trade are estimated to be vastlylarger than gains from any of the regional arrangements.