Trade Policy Options for Chile: The Importance of Market Access

Glenn Harrison, Thomas F. Rutherford and David Tarr

Chapter 14 in Applied Trade Policy Modeling in 16 Countries:Insights and Impacts from World Bank CGE Based Projects, 2014, pp 329-359 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This article uses a multisector, multicountry, computable general equilibrium model to examine Chile's strategy of “additive regionalism”—negotiating bilateral free trade agreements with all of its significant trading partners. Taking Chile's regional arrangements bilaterally, only its agreements with Northern partners provide sufficient market access to overcome trade diversion costs. Due to preferential market access, however, additive regionalism is likely to provide Chile with gains that are many multiples of the static welfare gains from unilateral free trade. At least one partner country loses from each of the regional agreements considered, and excluded countries as a group always lose. Gains to the world from global free trade are estimated to be vastly larger than gains from any of the regional arrangements…

Keywords: International Trade Policy; Developing Countries; Computable General Equilibrium; World Bank; Regional Trade Policy; Services Liberalization; Foreign Direct Investment; Trade and Poverty (search for similar items in EconPapers)
Date: 2014
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Journal Article: Trade Policy Options for Chile: The Importance of Market Access (2002)
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