MERCOSUR’s Labyrinth and World Regionalism

Julio Nogues

International Trade from EconWPA

Abstract: Regional trade agreements are more likely to produce negative effects on nonmembers the larger and the more protected they are. Because MERCOSUR countries are efficient producers of the most protected products in the world –agricultural and agro-industrial products-, these countries suffer particularly from other countries regional agreements. Finally, these costs are likely to increase with the number of regional agreements in which they are not members. The arguments and estimates presented in this paper support these assertions.

Keywords: Mercosur; Trade diversion; Agricultural protection (search for similar items in EconPapers)
JEL-codes: F1 F2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
Date: 2005-02-08
Note: Type of Document - doc; pages: 9
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Related works:
Journal Article: Mercosur's Labyrinth and World Regionalism (2003)
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