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Free Trade and Investment in the Fisheries Sector of the Asia-Pacific Region: An Economic Analysis of Tariffs

Author

Listed:
  • Grady, Patrick
  • Munro, Gordon
  • MacNeil, Paul
  • Fekete, Alex
  • Xue, Gong

Abstract

This paper was commissioned by the APEC Working Group on Fisheries to examine the economic impact of eliminating tariffs on fish and fish products in APEC economies. Chapter II provides a qualitative assessment of the impacts of liberalization of fisheries trade drawing on the available data and economic theory. Chapter III presents specific quantitative estimates of the impact on trade flows of fish and fish products using an econometrically estimated model of fisheries trade liberalization. Chapter IV summarizes the study’s overall conclusions. These are that the economic impact of the removal of tariffs on fish and fish products in the APEC region would be significant, but modest. It is estimated that, in value terms, the long- run increase in imports in the region, arising from the elimination of tariffs, would be less than 5 per cent of the 1995 level in value. The corresponding increase in exports would be equal to slightly less than 3 per cent of the 1995 level.

Suggested Citation

  • Grady, Patrick & Munro, Gordon & MacNeil, Paul & Fekete, Alex & Xue, Gong, 1999. "Free Trade and Investment in the Fisheries Sector of the Asia-Pacific Region: An Economic Analysis of Tariffs," MPRA Paper 25115, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:25115
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    File URL: https://mpra.ub.uni-muenchen.de/25115/1/MPRA_paper_25115.pdf
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    References listed on IDEAS

    as
    1. Brander, James A. & Scott Taylor, M., 1998. "Open access renewable resources: Trade and trade policy in a two-country model," Journal of International Economics, Elsevier, vol. 44(2), pages 181-209, April.
    2. James Eales & Catherine Durham & Cathy R. Wessells, 1997. "Generalized Models of Japanese Demand for Fish," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1153-1163.
    3. Munro, Gordon R. & Scott, Anthony D., 1985. "The economics of fisheries management," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 2, chapter 14, pages 623-676, Elsevier.
    4. Clark, Colin W & Clarke, Frank H & Munro, Gordon R, 1979. "The Optimal Exploitation of Renewable Resource Stocks: Problems of Irreversible Investment," Econometrica, Econometric Society, vol. 47(1), pages 25-47, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    international trade in fish and fish products; APEC region; impact of tariffs;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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