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Regional Trade Arrangements in Africa

Regional Trade Arrangements in Africa »

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

DOI: http://dx.doi.org/10.5089/9781589064393.058

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

In recent years, African policymakers have increasingly resorted to regional trade arrangements (RTAs) as a substitute for broad-based trade liberalization. This trend has long-term implications for the effectivene...

In the news: To sustain growth, Mongolia needs to improve environment for private sector

In the news: To sustain growth, Mongolia needs to improve environment for private sector »

Source: IMF Survey, Volume 34, Issue 21

Volume/Issue: 34/21

Series: IMF Survey

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2005

ISBN: 9781451938999

Keywords: regional cooperation, regional integration, economic integration, world trade

The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen...

CHAPTER 1. Introduction

CHAPTER 1. Introduction »

Source: Regional Trade Arrangements in Africa

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

Africa is home to some 30 regional trade arrangements (RTAs), many of which are part of deeper regional integration schemes. 1 On average, each African country belongs to four RTA...

CHAPTER 2. Regional Trade Arrangements in Africa

CHAPTER 2. Regional Trade Arrangements in Africa »

Source: Regional Trade Arrangements in Africa

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

A. Global Background RTAs have been proliferating exponentially throughout the world. Nearly all countries now participate in at least one RTA, and approximately 300 RTAs, both bilat...

CHAPTER 3. Effects of African Trade Arrangements

CHAPTER 3. Effects of African Trade Arrangements »

Source: Regional Trade Arrangements in Africa

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

A. Have RTAs Helped Increase Intraregional Trade? Time-series data show that the impact of the RTAs on intra-African trade seems to have been small or insignificant. As a share of th...

CHAPTER 4. Policy Implications

CHAPTER 4. Policy Implications »

Source: Regional Trade Arrangements in Africa

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

The generally disappointing record of African RTAs warrants a reexamination of the underlying assumptions. Is the record disappointing because no preconditions were established to make the RTAs beneficial, d...

CHAPTER 5. Role of the IMF

CHAPTER 5. Role of the IMF »

Source: Regional Trade Arrangements in Africa

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

The discussion so far highlights the need to take a broad perspective in thinking about how to make African RTAs work better. Careful design and sustained implementation are necessary to make any RTA deliver...

CHAPTER 6. Conclusions

CHAPTER 6. Conclusions »

Source: Regional Trade Arrangements in Africa

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

Over the past decades, African countries have set ambitious goals for their regional trade arrangements, but the results have so far fallen short of expectations. Most African RTAs started with a low level o...

The United States and the New Regionalism/ Bilateralism

The United States and the New Regionalism/ Bilateralism »

Source: The United States and the New Regionalism/ Bilateralism

Volume/Issue: 2003/206

Series: IMF Working Papers

Author(s): Yongzheng Yang , and Alvin Hilaire

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2003

ISBN: 9781451874624

Keywords: integration, regionalism, global trade analysis, trade diversion, global trade, trade agreement, trade arrangements,

Current U.S. trade policy stresses establishing free trade areas (FTAs) with partners spanning the globe. Motivations include enhancing goods and services trade; stimulating investment flows; extending standards on...

Regional Trade Arrangements in Africa

Regional Trade Arrangements in Africa »

Source: Regional Trade Arrangements in Africa : Past Performance and the Way Forward

Volume/Issue: 2005/36

Series: IMF Working Papers

Author(s): Yongzheng Yang , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2005

ISBN: 9781451860559

Keywords: Regional Trade Arrangements, regional integration, regional trade, trade liberalization, intraregional trade, Simulation Methods, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation,

Regional trade arrangements (RTAs) in Africa have been ineffective in promoting trade and foreign direct investment. Relatively high external trade barriers and low resource complementarity between member countries...