IDEAS home Printed from https://ideas.repec.org/p/imf/imfwpa/2005-094.html
   My bibliography  Save this paper

Regional Trade Integration and WTO Accession: Which Is the Right Sequencing? An Application to the CIS

Author

Listed:
  • Ms. Patrizia Tumbarello

Abstract

This paper analyzes the appropriate sequencing between accession to the World Trade Organization (WTO) and the implementation of the Eurasian Economic Community (EAEC) customs union and whether the latter facilitates or delays WTO accession for some member countries of the Commonwealth of Independent States (CIS). If EAEC members pursue a coordinated approach toward WTO accession, this may cause delays that benefit some countries at the expense of others. The paper simulates the welfare effects resulting from the two sequencing alternatives (customs union and WTO or the reverse). The results show that, from a consumer surplus standpoint, it would be preferable to join the WTO ahead of the EAEC customs union. This paper does not attempt to assess the welfare implications of joining the EAEC as a political and economic entity, but only the welfare implications resulting from the implementation of the EAEC customs union.

Suggested Citation

  • Ms. Patrizia Tumbarello, 2005. "Regional Trade Integration and WTO Accession: Which Is the Right Sequencing? An Application to the CIS," IMF Working Papers 2005/094, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:2005/094
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=18197
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pravin Krishna, 1998. "Regionalism and Multilateralism: A Political Economy Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(1), pages 227-251.
    2. Lev Freinkman & Evgeny Polyakov & Carolina Revenco, 2004. "Trade Performance and Regional Integration of the CIS Countries," World Bank Publications - Books, The World Bank Group, number 14933.
    3. Mr. Yaroslav D Lissovolik & Mr. Bogdan Lissovolik, 2004. "Russia and the WTO: The "Gravity" of Outsider Status," IMF Working Papers 2004/159, International Monetary Fund.
    4. Bernard Hoekman & Francis Ng & Marcelo Olarreaga, 2002. "Eliminating Excessive Tariffs on Exports of Least Developed Countries," The World Bank Economic Review, World Bank, vol. 16(1), pages 1-21, June.
    5. Michael Roberts & Peter Wehrheim, 2001. "Regional trade agreements and WTO accession of CIS countries," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 36(6), pages 315-323, November.
    6. Marcelo Olarreaga & Hiau Looi Kee & Alessandro Nicita, 2004. "Estimating Import Demand and Export Supply Elasticities," Econometric Society 2004 North American Summer Meetings 368, Econometric Society.
    7. Krueger, Anne O., 1997. "Free trade agreements versus customs unions," Journal of Development Economics, Elsevier, vol. 54(1), pages 169-187, October.
    8. Soamiely Andriamananjara & Maurice Schiff, 2001. "Regional Cooperation among Microstates," Review of International Economics, Wiley Blackwell, vol. 9(1), pages 42-51, February.
    9. Michalopoulos, Constantine & Tarr, David, 1997. "The economics of customs unions in the Commonwealth of Independent States," Policy Research Working Paper Series 1786, The World Bank.
    10. Maurice Schiff & L. Alan Winters, 2003. "Regional Integration and Development," World Bank Publications - Books, The World Bank Group, number 15172.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Richard Pomfret, 2011. "Trade and Transport in Central Asia," Book Chapters, in: Werner Hermann & Johannes F. Linn (ed.), Central Asia and the Caucasus: At the Crossroads of Eurasia in the 21st Century, chapter 3, pages 43–62, Emerging Markets Forum.
    2. Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in Kazakhstan," Agricultural Distortions Working Paper Series 48360, World Bank.
    3. Sherzod Shadikhodjaev, 2008. "Eurasian Economic Community (EurAsEC) : Legal Aspects of Regional Trade Integration," Trade Working Papers 22994, East Asian Bureau of Economic Research.
    4. Richard Pomfret, 2009. "Central Asia after Two Decades of Independence," School of Economics and Public Policy Working Papers 2009-32, University of Adelaide, School of Economics and Public Policy.
    5. Richard Pomfret, 2009. "Regional integration in Central Asia," Economic Change and Restructuring, Springer, vol. 42(1), pages 47-68, May.
    6. Christensen, Garry & Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in the Kyrgyz Republic," Agricultural Distortions Working Paper Series 48361, World Bank.
    7. Turakulov, Valijon, 2020. "Trade Policy Issues of Oil-rich but Land-locked Country Case: Focusing on Kazakhstan post-WTO entry," Conference papers 333223, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    8. Kakhkharov, Jakhongir, 2007. "Regional Cooperation in Central Asia: Viewpoint from Uzbekistan," MPRA Paper 64130, University Library of Munich, Germany.
    9. Aktoty Aitzhanova & Shigeo Katsu & Johannes F. Linn & Vladislav Yezhov (ed.), 2014. "Kazakhstan 2050: Toward a Modern Society for All," Books, Emerging Markets Forum, edition 1, number kazakh2050, July.
    10. Richard Pomfret, 2006. "Coordinating Aid for Regional Cooperation Projects: The Experience of Central Asia," The Institute for International Integration Studies Discussion Paper Series iiisdp163, IIIS.
    11. Kakhkharov, Jakhongir, 2013. "Central Asian Security and Water/ Energy Relations between Uzbekistan and Tajikistan," MPRA Paper 64024, University Library of Munich, Germany.
    12. Ms. Patrizia Tumbarello, 2007. "Are Regional Trade Agreements in Asia Stumbling or Building Blocks? Implications for the Mekong-3 Countries," IMF Working Papers 2007/053, International Monetary Fund.
    13. Richard Pomfret, 2009. "Central Asia after Two Decades of Independence," School of Economics Working Papers 2009-32, University of Adelaide, School of Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Oxana Babecká Kucharčuková & Jan Babecký & Martin Raiser, 2012. "Gravity Approach for Modelling International Trade in South-Eastern Europe and the Commonwealth of Independent States: The Role of Geography, Policy and Institutions," Open Economies Review, Springer, vol. 23(2), pages 277-301, April.
    2. Kym Anderson, 2005. "On the Virtues of Multilateral Trade Negotiations," The Economic Record, The Economic Society of Australia, vol. 81(255), pages 414-438, December.
    3. Jiandong Ju & Kala Krishna, 2005. "Firm behaviour and market access in a Free Trade Area with rules of origin," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 38(1), pages 290-308, February.
    4. Rupa Duttagupta & Arvind Panagariya, 2007. "Free Trade Areas And Rules Of Origin: Economics And Politics," Economics and Politics, Wiley Blackwell, vol. 19(2), pages 169-190, July.
    5. Nuno Limão & Marcelo Olarreaga, 2018. "Trade Preferences to Small Developing Countries and the Welfare Costs of Lost Multilateral Liberalization," World Scientific Book Chapters, in: Policy Externalities and International Trade Agreements, chapter 15, pages 403-426, World Scientific Publishing Co. Pte. Ltd..
    6. Cadot, Olivier & de Melo, Jaime & Olarreaga, Marcelo, 2001. "Can bilateralism ease the pains of multilateral trade liberalization?," European Economic Review, Elsevier, vol. 45(1), pages 27-44, January.
    7. Hinnerk Gnutzmann & Arevik Gnutzmann‐Mkrtchyan, 2019. "The silent success of customs unions," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 52(1), pages 178-224, February.
    8. 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.
    9. Aaditya Mattoo & Devesh Roy & Arvind Subramanian, 2003. "The Africa Growth and Opportunity Act and its Rules of Origin: Generosity Undermined?," The World Economy, Wiley Blackwell, vol. 26(6), pages 829-851, June.
    10. Anna Maria Mayda & Chad Steinberg, 2009. "Do South-South trade agreements increase trade? Commodity-level evidence from COMESA," Canadian Journal of Economics, Canadian Economics Association, vol. 42(4), pages 1361-1389, November.
    11. Anna Maria Mayda & Chad Steinberg, 2009. "Do South‐South trade agreements increase trade? Commodity‐level evidence from COMESA," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 42(4), pages 1361-1389, November.
    12. Justyna Wieloch, 2015. "Kraje rozwijające się w ugrupowaniach integracyjnych / Developing Countries in Economic Agreements," International Economics, University of Lodz, Faculty of Economics and Sociology, issue 9, pages 40-49, March.
    13. Subhayu Bandyopadhyay & Sajal Lahiri & Suryadipta Roy, 2008. "Enlargement and common external tariff in a political-economic model of customs union," Working Papers 2008-022, Federal Reserve Bank of St. Louis.
    14. Libman, Alexander, 2008. "Federalism and regionalism in transition countries: A survey," MPRA Paper 29196, University Library of Munich, Germany.
    15. Hinnerk Gnutzmann & Arevik Gnutzmann-Mkrtchyan, 2019. "The silent success of customs unions," Canadian Journal of Economics, Canadian Economics Association, vol. 52(1), pages 178-224, February.
    16. World Bank, 2004. "Ukraine : Trade Policy Study, Volume 2. Main Report," World Bank Publications - Reports 15656, The World Bank Group.
    17. Alexander Libman & Evgeny Vinokurov, 2011. "Is it really different? Patterns of regionalisation in post-Soviet Central Asia," Post-Communist Economies, Taylor & Francis Journals, vol. 23(4), pages 469-492, June.
    18. Antoni Estevadeordal & Caroline Freund & Emanuel Ornelas, 2008. "Does Regionalism Affect Trade Liberalization Toward Nonmembers?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(4), pages 1531-1575.
    19. 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.
    20. Das, Dilip K., 2005. "The Doha Round of Multilateral Trade Negotiations and the Developing Economies," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 6(2), pages 1-33.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:2005/094. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.