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Walking and chewing gum at the same time: Australia’s free trade area strategy

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  • Findlay, Christopher C.

Abstract

The pursuit of free trade area agreements (FTAs), according to some, does not impede the multilateral trade negotiations process. It is argued to the contrary in the present paper that the FTA approach does impede the multilateral one. Comments are offered on common approaches to the analysis of the impact of FTAs, on the reasons why, despite concerns evident in these comments, the FTA strategy has become so popular, and on ways out of a dilemma of FTA proliferation, or at least ways to avoid the risks associated with it.

Suggested Citation

  • Findlay, Christopher C., 2002. "Walking and chewing gum at the same time: Australia’s free trade area strategy," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 46(4), pages 1-13.
    • Handle: RePEc:ags:aareaj:118598
    DOI: 10.22004/ag.econ.118598
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    References listed on IDEAS

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    1. Christopher Findlay, 2001. "Old Issues in New Regionalism," Asia Pacific Economic Papers 311, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    2. Andriamananjara, Soamiely, 1999. "On the size and number of regional integration arrangements - a political economy model," Policy Research Working Paper Series 2117, The World Bank.
    3. Ronald J. Wonnacott, 1996. "Trade and Investment in a Hub-and-Spoke System Versus a Free Trade Area," The World Economy, Wiley Blackwell, vol. 19(3), pages 237-252, May.
    4. Vousden,Neil, 1990. "The Economics of Trade Protection," Cambridge Books, Cambridge University Press, number 9780521346696, January.
    5. Krueger, Anne O., 1997. "Free trade agreements versus customs unions," Journal of Development Economics, Elsevier, vol. 54(1), pages 169-187, October.
    6. repec:bla:ecorec:v:72:y:1996:i:219:p:381-96 is not listed on IDEAS
    7. John McLaren, 2002. "A Theory of Insidious Regionalism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(2), pages 571-608.
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    Cited by:

    1. Miljkovic, Dragan & Paul, Rodney, 2003. "Agricultural trade in North America: Trade creation, regionalism and regionalisation," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 47(3), pages 1-18, September.
    2. Kevin J. Fox & Ulrich Kohli & Alice Shiu, 2010. "Trade Agreements and Trade Opportunities: A Flexible Approach for Modeling Australian Export and Import Elasticities," Review of International Economics, Wiley Blackwell, vol. 18(3), pages 513-530, August.
    3. Productivity Commission, 2004. "Rules of Origin under the Australia–New Zealand CER Trade Agreement," International Trade 0410001, University Library of Munich, Germany.

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