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The Common External Tariff of a Customs Union : Alternative Approaches

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  • Srinivasan, T-N

Abstract

This paper describes alternative approaches to the central question of common external tariffs of a Custom Union. Taking off from the work of Kemp and Wan who showed the existence of a common external tariff of CU that deeps the welfare of non-members unchanged while revising that of the CU as compared to the situation prior to the formation of CU, it characterizes such a tariff structure for two leading benchmark examples as consumption-weighted average of pre-union tariffs and subsidies in the member countries.

Suggested Citation

  • Srinivasan, T-N, 1996. "The Common External Tariff of a Customs Union : Alternative Approaches," Papers 755, Yale - Economic Growth Center.
    • Handle: RePEc:fth:yalegr:755
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    References listed on IDEAS

    as
    1. Jiandong Ju & Kala Krishna, "undated". "Market Access and Welfare Effects of Free Trade Areas without Rules of Origin," EPRU Working Paper Series 96-03, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    2. Anonymous, 1959. "General Agreement on Tariffs and Trade," International Organization, Cambridge University Press, vol. 13(3), pages 487-488, July.
    3. L. Alan Winters, 2015. "Regionalism And The Rest Of The World: The Irrelevance Of The Kemp-Wan Theorem," World Scientific Book Chapters, in: Non-Tariff Barriers, Regionalism and Poverty Essays in Applied International Trade Analysis, chapter 10, pages 191-197, World Scientific Publishing Co. Pte. Ltd..
    4. Kemp, Murray C. & Wan, Henry Jr., 1976. "An elementary proposition concerning the formation of customs unions," Journal of International Economics, Elsevier, vol. 6(1), pages 95-97, February.
    5. Anonymous, 1959. "General Agreement on Tariffs and Trade," International Organization, Cambridge University Press, vol. 13(4), pages 665-667, October.
    6. Anonymous, 1959. "General Agreement on Tariffs and Trade," International Organization, Cambridge University Press, vol. 13(1), pages 178-180, January.
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    Cited by:

    1. Raimondos-Moller, Pascalis & Woodland, Alan D., 2006. "Non-preferential trading clubs," Journal of International Economics, Elsevier, vol. 68(1), pages 79-91, January.
    2. Innwon Park & Soonchan Park, 2009. "Free Trade Agreements versus Customs Unions: An Examination of East Asia," Asian Economic Papers, MIT Press, vol. 8(2), pages 119-139, Spring.
    3. Panagariya, A., 1997. "Preferential trading and the myth of natural trading partners," Japan and the World Economy, Elsevier, vol. 9(4), pages 471-489, December.
    4. DeRosa, Dean A., 1998. "Regional integration arrangements : static economic theory, quantitative findings, and policy guidelines," Policy Research Working Paper Series 2007, The World Bank.
    5. Bond, Eric W. & Syropoulos, Constantinos & Winters, L. Alan, 2001. "Deepening of regional integration and multilateral trade agreements," Journal of International Economics, Elsevier, vol. 53(2), pages 335-361, April.
    6. Siu‐kee Wong, 2006. "The adjustment of external tariffs in the Kemp‐Wan‐Grinols compensation scheme," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 39(2), pages 544-563, May.
    7. Srinivasan, T.N., 1996. "Regionalism and the World Trade Organization: Is Non-Discrimination Passe?," Center Discussion Papers 28462, Yale University, Economic Growth Center.
    8. Peter J. Lloyd & Donald Maclaren, 2004. "Gains and Losses from Regional Trading Agreements: A Survey," The Economic Record, The Economic Society of Australia, vol. 80(251), pages 445-467, December.
    9. Syropoulos, Constantinos, 2003. "Rules for the disposition of tariff revenues and the determination of common external tariffs in customs unions," Journal of International Economics, Elsevier, vol. 60(2), pages 387-416, August.
    10. Waschik, Robert, 2009. "The effects of free trade areas on non-members: Modelling Kemp-Vanek admissibility," Journal of Policy Modeling, Elsevier, vol. 31(5), pages 648-663, September.
    11. A.R. Kemal, 2004. "Exploring Pakistan’s Regional Economic Cooperation Potential," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 43(4), pages 313-334.

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    More about this item

    Keywords

    CUSTOMS UNIONS; FREE TRADE AREAS; TARIFFS; TARIFF POLICY;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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