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This unique book addresses recent strides at trade regionalism in the Western Hemisphere. In addition, it provides a detailed discussion of the prospects, potential content, and likely impact of a U.S.-Chile Free Trade Agreement. Such an accord is very likely. In February 1994 the Clinton Administration announced that negotiations with Chile were expected to begin during the Spring of 1994 with completion at the end of 1995. Prior to focusing on U.S.-Chile trade, the book details contemporary efforts at trade regionalism in the Western Hemisphere, including: the U.S.-Canada Free Trade Agreement, the Caribbean Basin Initiative, the Enterprise for the Americas Initiative, the Andean Trade Preference Act, the Latin American Integration Association, the Caribbean Community Common Market, the Andean Pact, the Central American Common Market, the Southern Cone Common Market (Mercosur) and Chilean bilateral trade and investment arrangements. Next, a synopsis of recent U.S.-Chilean trade and investment relations as well as the impetus for a U.S.-Chile Free Trade Agreement are provided. In addition, the book offers an empirical assessment of U.S.-Chilean trade and investment relations. It also describes the various issues and topics that are likely to be covered in any U.S.-Chile Free Trade Agreement. Furthermore, particular U.S. and Chilean market sectors that might be affected by such an agreement are detailed. The conclusion is that a U.S.-Chile Free Trade Agreement would continue previous attempts at trade regionalism in Western Hemisphere. An annex provides an extensive directory of key government and business contacts in the U.S. and Chile, facilitating trade and investment opportunities for individuals and firms.
With jobless recoveries the issue du jour, free trade has become a wedge issue of considerable importance in the developed countries. This book hones in on free trade areas and their role in this complex globalisation process. CONTENTS: Preface; Free Trade Agreements: Impact on US Trade and Implications for US Trade Policy (William H. Cooper); The US-Singapore Free Trade Agreement (Dick K. Nanto); Free Trade Agreements with Singapore and Chile: Labor Issues (Mary Jane Bolle); The US-Chile Free Trade Agreement: Economic and Trade Policy Issues (J. F. Hornbeck); Agricultural Trade in a US- Central American Free Trade Agreement (CAFTA) (Remy Jurenas); A Free Trade Area of the Americas: Status of Negotiations and Major Policy Issues (J. F. Hornbeck); US -- Jordan Free Trade Agreement (Mary Jane Bolle); Index.
This publication displays the menu for choice of available methods to evaluate the impact of Free Trade Agreements (FTAs). It caters mainly to policy makers from developing countries and aims to equip them with some economic knowledge and techniques that will enable them to conduct their own economic evaluation studies on existing or future FTAs, or to critically re-examine the results of impact assessment studies conducted by others, at the very least.
In this conference volume, distinguished economists and trade policymakers address the US initiatives to enter into free trade negotiations with a broad range of countries in the Asia-Pacific region, the Western Hemisphere, and Africa. The sheer number of these initiatives is unprecedented and has provoked major policy questions concerning US interests in the negotiations, the setting of priorities among the many contenders for concluding free trade agreements (FTAs) with the United States, the objectives of those trading partners, and the implications that these agreements could have for broader initiatives such as the Doha Round in the World Trade Organization and the Free Trade Area of the Americas. The papers in the volume were presented during a conference on FTAs and US trade policy, sponsored by the Institute in May 2003. The editor, Jeffrey Schott, summarizes the policy implications drawn from the conference papers and discussions, which are organized around several topics: the conceptual case for FTAs and how they have worked in the past; what FTAs imply for the broader global system; the specific agreements that are already being pursued (Australia, Central America, Morocco, southern Africa) or considered (ASEAN, Brazil, Egypt, Korea, and Taiwan). The volume includes a technical appendix with results of GTAP and gravity model simulations of the trade and welfare effects of the prospective agreements.
Deep trade agreements (DTAs) cover not just trade but additional policy areas, such as international flows of investment and labor and the protection of intellectual property rights and the environment. Their goal is integration beyond trade or deep integration. These agreements matter for economic development. Their rules influence how countries (and hence, the people and firms that live and operate within them) transact, invest, work, and ultimately, develop. Trade and investment regimes determine the extent of economic integration, competition rules affect economic efficiency, intellectual property rights matter for innovation, and environmental and labor rules contribute to environmental and social outcomes. This Handbook provides the tools and data needed to analyze these new dimensions of integration and to assess the content and consequences of DTAs. The Handbook and the accompanying database are the result of collaboration between experts in different policy areas from academia and other international organizations, including the International Trade Centre (ITC), Organisation for Economic Co-operation and Development (OECD), United Nations Conference on Trade and Development (UNCTAD), and World Trade Organization (WTO).