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The european window : challenges in the negotiation of México's free trade agreement with the European Union (Working Paper SITI = Documento de Trabajo IECI n. 9)

The european window : challenges in the negotiation of México's free trade agreement with the European Union (Working Paper SITI = Documento de Trabajo IECI n. 9)
Author: Sergio Gómez Lora
Publisher: BID-INTAL
Total Pages: 48
Release: 2004
Genre:
ISBN: 9507382143

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On 1 July 2000 regulations to liberalize trade flows between Mexico and the European Union came into force, after more than six years of diplomatic work and complex negotiations. These regulations are part of the "Tratado de Libre Comercio (TLCUEM), which is also one of the components of the Agreement on Economic Association, Political Concertation and Cooperation ("Global Agreement"). The Global Agreement through its three components - political dialogue, trade liberalization and cooperation- was at the time the most ambitious agreement ever constituted by the EU. The economic association component included in the Global Agreement - the TLCUEM- was the first overseas free trade treaty and served as an important precedent for later EU negotiations with other Latin American countries. The purpose of this essay is to analyze the reasons that led Mexico and the EU to the constitution of this treaty; to describe the main challenges of the Global Agreement negotiations of different components; and to briefly review the results of the first three years since the TLCUEM enforcement.


Reciprocity in the FTAA: the roles of market access, institutions and negotiating capacity (Working Paper SITI = Documento de Trabajo IECI n. 2)

Reciprocity in the FTAA: the roles of market access, institutions and negotiating capacity (Working Paper SITI = Documento de Trabajo IECI n. 2)
Author: Julio J. Nogués
Publisher: BID-INTAL
Total Pages: 47
Release: 2003
Genre: Free ports and zones
ISBN: 9507381554

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The benefits of the FTAA to Latin American countries will materialize through two channels: improved access to the region's markets, and enhanced growth prospects through the strengthening of basic economic institutions. Furthermore, the importance of these negotiations is heightened by the fact that they are taking place against the failure of the Uruguay Round to liberalize agricultural trade, and the lack of progress in the ongoing negotiations of the Doha Round, Under these conditions, for Latin American countries who are net exporters of different bundles of agricultural products, the FTAA could be the best opportunity for accelerating growth in the region. The analysis includes a discussion of these issues stressing the fact that in order for the reciprocical exchange of concessions agreed in the FTAA to result in an important liberalization of intra-regional trade, Latin American countries will have to negotiate with greater firmness than in the past.


Regional integration : what in it for CARICOM ? (Working Paper ITD = Documento de Trabajo ITD; 29)

Regional integration : what in it for CARICOM ? (Working Paper ITD = Documento de Trabajo ITD; 29)
Author: Mauricio Mesquita Moreira
Publisher: BID-INTAL
Total Pages: 76
Release: 2006
Genre: Economic development
ISBN: 9507382623

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Economic and political integration have been a perennial and neuralgic issue in the Caribbean agenda. This paper draws on the literature on trade, growth and regional agreements to discuss the motivation behind the Caribbean drive for integration, the results obtained so far and what is in stock for the future. It argues, with the help of descriptive statistics, an empirical growth model and a gravity model, that the traditional, trade related gains from regional integration have been and are bound to be limited because of (i) the countries' high openness; (ii) the limited size of the common, enlarged market; and (iii) the countries' relatively similar factor endowments. It also argues, though, that gains in the area of non-tradables, due to economies of scale which cannot be mitigated by trade and openness, can be substantial.


Chile's integration strategy : is there room for improvement ? (Working Paper ITD = Documento de Trabajo ITD ; n. 21)

Chile's integration strategy : is there room for improvement ? (Working Paper ITD = Documento de Trabajo ITD ; n. 21)
Author: Mauricio Mesquita Moreira
Publisher: BID-INTAL
Total Pages: 70
Release: 2006
Genre: Chile
ISBN: 9507382488

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What are the main issues in Chile's trade agenda? This paper argues that the country's agenda does not lend itself to that traditional kind of policy advice usually given throughout Latin America. Protection is low and uniform, institutions that govern trade policy are strong and well protected from capture and the country has put a lot of effort in opening markets in the region and abroad. The important issues that come out of the analysis are to a great extent, "second generational". That is: export diversification, the regional distribution of trade gains, completion of the "multidimensional" trade strategy and transport costs. Whereas Chile has made progress in diversifying its exports away from copper, concentration is still high even when compared to other resource intensive countries. On the regional issue, it seems clear that Chile's export-led growth in the last two decades was not evenly distributed across the regions. On Chile's "multidimensional" trade strategy, Asia is clearly the missing link in the country's wide net of preferential agreements and the evidence available suggest that transport costs are these days a more important obstacle to Chile's trade than traditional trade barriers.