Impact of Non-Tariff Measures in the Indian Ocean Rim Association (IORA): A CGE Approach

Abdallah Akintola, Houcine Boughanmi and Alessandro Antimiani

No 333307, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: The Indian Ocean Rim Association (IORA) is a regional association based on the principle of open regionalism with the objective of promoting liberalization through trade and investment facilitation. This study evaluates two main scenarios having the ingredients of a deeper regional integration compared to its present Open regionalism status. Scenario I evaluate the effect of a gradual tariff cut on IORA while Scenario II combines the impact of tariff cuts, NTM reduction and Trade Facilitation. The result shows a welfare gain for virtually all IORA countries when a trade liberalization involving tariff cut is complemented with NTM reduction and trade facilitation. The results obtained are suggestive that IORA has more to gain if it involves in a deeper regional integration than the present form of open regionalism.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:333307

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