The effects of alternative free trade agreements on Peru: Evidence from a global computable general equilibrium model

By using a global computable general equilibrium model, this report analyzes the impact of various pending free trade agreements for Peru. In December 2007, a Peru–United States free trade agreement (FTA) was finally ratified by the U.S. Congress, replacing the Andean Trade Promotion and Drug Eradic...

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Autores principales: Bouët, Antoine, Mevel, Simon, Thomas, Marcelle
Formato: Artículo preliminar
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2008
Materias:
Acceso en línea:https://hdl.handle.net/10568/161703
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author Bouët, Antoine
Mevel, Simon
Thomas, Marcelle
author_browse Bouët, Antoine
Mevel, Simon
Thomas, Marcelle
author_facet Bouët, Antoine
Mevel, Simon
Thomas, Marcelle
author_sort Bouët, Antoine
collection Repository of Agricultural Research Outputs (CGSpace)
description By using a global computable general equilibrium model, this report analyzes the impact of various pending free trade agreements for Peru. In December 2007, a Peru–United States free trade agreement (FTA) was finally ratified by the U.S. Congress, replacing the Andean Trade Promotion and Drug Eradication Act, which awarded Peru and other Andean countries nonreciprocal preferential tariffs. A Peru–European Union (EU27) FTA is also being negotiated in the context of Peru’s participation in the integration of the Andean Community (CAN). Finally, as of October 2008 Peru is concluding negotiations for a free trade agreement with China, its third major trading partner after the United States and the EU27. Although these agreements are expected to improve market access, their impact on the economic welfare of the beneficiary countries is dependent on the countries’ structure of current tariffs and trade and the extent to which the new agreements result in trade diversion versus trade creation. The analysis shows that specific features of Peru’s trade and tariff structures make the country a better candidate for a South-South FTA with China than for North-South FTAs with the United States or the EU27.
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spelling CGSpace1617032025-11-06T05:46:33Z The effects of alternative free trade agreements on Peru: Evidence from a global computable general equilibrium model Bouët, Antoine Mevel, Simon Thomas, Marcelle world trade organization free trade agreement trade liberalization computable general equilibrium models By using a global computable general equilibrium model, this report analyzes the impact of various pending free trade agreements for Peru. In December 2007, a Peru–United States free trade agreement (FTA) was finally ratified by the U.S. Congress, replacing the Andean Trade Promotion and Drug Eradication Act, which awarded Peru and other Andean countries nonreciprocal preferential tariffs. A Peru–European Union (EU27) FTA is also being negotiated in the context of Peru’s participation in the integration of the Andean Community (CAN). Finally, as of October 2008 Peru is concluding negotiations for a free trade agreement with China, its third major trading partner after the United States and the EU27. Although these agreements are expected to improve market access, their impact on the economic welfare of the beneficiary countries is dependent on the countries’ structure of current tariffs and trade and the extent to which the new agreements result in trade diversion versus trade creation. The analysis shows that specific features of Peru’s trade and tariff structures make the country a better candidate for a South-South FTA with China than for North-South FTAs with the United States or the EU27. 2008 2024-11-21T09:57:29Z 2024-11-21T09:57:29Z Working Paper https://hdl.handle.net/10568/161703 en Open Access application/pdf International Food Policy Research Institute Bouët, Antoine; Mevel, Simon; Thomas, Marcelle. 2008. The effects of alternative free trade agreements on Peru. IFPRI Discussion Paper 824. https://hdl.handle.net/10568/161703
spellingShingle world trade organization
free trade agreement
trade liberalization
computable general equilibrium models
Bouët, Antoine
Mevel, Simon
Thomas, Marcelle
The effects of alternative free trade agreements on Peru: Evidence from a global computable general equilibrium model
title The effects of alternative free trade agreements on Peru: Evidence from a global computable general equilibrium model
title_full The effects of alternative free trade agreements on Peru: Evidence from a global computable general equilibrium model
title_fullStr The effects of alternative free trade agreements on Peru: Evidence from a global computable general equilibrium model
title_full_unstemmed The effects of alternative free trade agreements on Peru: Evidence from a global computable general equilibrium model
title_short The effects of alternative free trade agreements on Peru: Evidence from a global computable general equilibrium model
title_sort effects of alternative free trade agreements on peru evidence from a global computable general equilibrium model
topic world trade organization
free trade agreement
trade liberalization
computable general equilibrium models
url https://hdl.handle.net/10568/161703
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