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An assessment of the performance of CARICOM extraregional trade agreements: An initial scoping exercise

Sheldon McLean and Jeetendra Khadan

No 41, Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean from Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL)

Abstract: Despite its active embrace of trade liberalization and the maintainance of relatively open economies, CARICOM trade performance both within the region and extraregionally has been poor. The nexus between bilateral Free Trade Agreements (FTAs), Partial Scope Agreements (PSAs) and preferential trade arrangements, which was intended to assist in compensating for the small size of domestic and regional markets, while providing an additional tier of trade and economic integration, has thus far failed to deliver its intended results. This paper makes this conclusion in assessing the performance of these extraregional trade agreements and sheds light on issues not often discussed.

Keywords: CARICOM; ACUERDOS ECONOMICOS; COMERCIO INTERNACIONAL; POLITICA COMERCIAL; COOPERACION REGIONAL; LIBRE COMERCIO; ZONAS DE LIBRE COMERCIO; CONVENIOS COMERCIALES; LIBERALIZACION DEL INTERCAMBIO; COMPETITIVIDAD; EXPORTACIONES; DESARROLLO ECONOMICO; REGIONAL COOPERATION; TRADE AGREEMENTS; FREE TRADE; FREE TRADE AREAS; TRADE LIBERALIZATION; COMPETITIVENESS; EXPORTS; ECONOMIC DEVELOPMENT; CARICOM; ECONOMIC AGREEMENTS; INTERNATIONAL TRADE; TRADE POLICY (search for similar items in EconPapers)
Date: 2015-03
New Economics Papers: this item is included in nep-int
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