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What Role for the EPAs in the Caribbean?

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  • Michael Gasiorek
  • L. Alan Winters

Abstract

The aim of this paper is to consider the possible implications of an EPA between the EU and the Caribbean. The focus is on the Caribbean economies, and on the question of what form of EPA might be pro‐development and pro‐poor for the region. The discussion outlines the specificities of the Caribbean region, and some of the economies therein as well as detailing the key analytical issues which need to be considered. The empirical analysis focuses on examining patterns of trade by product and geographical source at a highly detailed level of disaggregation. The analysis suggests that future EPA arrangements are more likely to lead to significant trade diversion as opposed to trade creation or trade reorientation. MFN liberalisation would serve to minimise trade diversion, but in turn is likely to lead to greater adjustment costs. If the EPAs are to be pro‐development and pro‐poor than maintaining/increasing levels of market access to the EU, and ensuring appropriate levels of assistance and aid will be critical.

Suggested Citation

  • Michael Gasiorek & L. Alan Winters, 2004. "What Role for the EPAs in the Caribbean?," The World Economy, Wiley Blackwell, vol. 27(9), pages 1335-1362, September.
    • Handle: RePEc:bla:worlde:v:27:y:2004:i:9:p:1335-1362
    DOI: 10.1111/j.0378-5920.2004.00655.x
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    References listed on IDEAS

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    1. Paul Brenton & Miriam Manchin, 2014. "Making EU Trade Agreements Work: The Role of Rules of Origin," World Scientific Book Chapters, in: INTERNATIONAL TRADE, DISTRIBUTION AND DEVELOPMENT Empirical Studies of Trade Policies, chapter 14, pages 299-313, World Scientific Publishing Co. Pte. Ltd..
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    3. Amos Peters, 2005. "The Fiscal Effects of Tariff Reduction in the Caribbean Community," Public Economics 0511018, University Library of Munich, Germany.
    4. Thomas F. Rutherford & Josefina Martinez, 2000. "Welfare Effects of Regional Trade Integration of Central American and Caribbean Natios with NAFTA and MERCOSUR," The World Economy, Wiley Blackwell, vol. 23(6), pages 799-825, June.
    5. Shelton Nicholls & Anthony Birchwood & Philip Colthrust & Earl Boodoo, 2000. "The State of and Prospects for the Deepening and Widening of Caribbean Integration," The World Economy, Wiley Blackwell, vol. 23(9), pages 1161-1194, September.
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    Cited by:

    1. Khadan, Jeetendra & Hosein, Roger, 2014. "Trade, Economic and Welfare impacts of the CARICOM-Canada Free Trade Agreement," MPRA Paper 54836, University Library of Munich, Germany.
    2. Malgorzata Czerminska, 2021. "Trade Relations Between EU and African, Caribbean and Pacific Countries: With or Without Economic Partnership Agreements?," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 97-119.
    3. Fontagne, Lionel & Laborde, David & Mitaritonna, Cristina, 2008. "An Impact Study of the Economic Partnership Agreements (EPAs) in the Six ACP Regions," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44194, European Association of Agricultural Economists.
    4. Bouët, Antoine & Laborde Debucquet, David & Traoré, Fousseini, 2017. "The European Union–West Africa Economic Partnership Agreement," IFPRI discussion papers 1612, International Food Policy Research Institute (IFPRI).
    5. Osman, Rehab Osman Mohamed, 2012. "The EU Economic Partnership Agreements with Southern Africa: a computable general equilibrium analysis," Economics PhD Theses 0412, Department of Economics, University of Sussex Business School.
    6. Khadan, Jeetendra & Hosein, Roger, 2014. "Trade, Economic and Welfare impacts of the CARICOM-Canada Free Trade Agreement," MPRA Paper 54836, University Library of Munich, Germany.
    7. Bchir, Mohamed Hedi & Chemingui, Mohamed Abdelbasset & Karingi, Stephen, 2008. "The Impact of Multilateral Trade Liberalization on Poverty in Kenya: A Multiple Linked Top-Down Approach," Conference papers 331784, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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