The CARIFORUM-EU Economic Partnership Agreement

The CARIFORUM-EU Economic Partnership Agreement PDF

Author: Americo Beviglia Zampetti

Publisher: Kluwer Law International B.V.

Published: 2011-01-01

Total Pages: 298

ISBN-13: 9041132848

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The CARIFORUM-EU Economic Partnership Agreement is a sui generis North-South trade and development agreement. The C-EPA is a bi-regional agreement, signed in Bridgetown, Barbados in October 2008, with the specific aim of supporting the sustainable development of the Caribbean. As a paradigm changer in the ACP-EU trade relationship, the C-EPA has unsurprisingly attracted considerable attention. The long process of ratification by twenty-seven EU Member States and fifteen Caribbean countries has begun, and implementation is advancing after an initial delay. This book is the first detailed analysis of the Agreement's provisions, including its negotiating history and prognosis of its future potential. It is written by fifteen Caribbean and European practitioners, most of whom actively contributed to the crafting of the Agreement as CARIFORUM or EU negotiators. The contributions cover the following: ; charting a dual approach to CARIFORUM commitments at both regional and national levels; establishing an architecture of commitments that seeks to support CARIFORUM regional integration; safeguarding Caribbean preferential access to the EU market; broadening the ambit of the Caribbean-EU relationship, as reflected in the Cotonou Agreement, into new trade disciplines; highlighting key drivers in the negotiations; addressing the CARICOM-Dominican Republic economic relationship; examining the special treatment of Haiti; and reviewing the C-EPA's compatibility with WTO rules.

Assessing Prospective Trade Policy

Assessing Prospective Trade Policy PDF

Author: Oliver Morrissey

Publisher: Routledge

Published: 2010-09-30

Total Pages: 399

ISBN-13: 1136909362

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The European Union (EU) has provided trade preferences to the African, Caribbean and Pacific (ACP) countries since 1975. To maintain these preferences, a series of economic partnership agreements (EPAs) between the EU and regional groupings of ACP countries are being agreed, (negotiations started around 2003 and many framework agreements have been signed). As multilateral negotiations within the World Trade Organisation have stalled, EPAs are currently the single most important policy issue for ACP trade. This volume assesses EPAs and the potential impact on ACP countries, provides guidance for ACP negotiators in future negotiations and introduces methods to analyse the impact of future trade reforms. The essential features are that ACP countries commit to remove tariffs on substantially all imports from the EU and the EU offers improved market access to ACP exporters. For ACP countries the major impacts will be increased imports from the EU, hence a loss of tariff revenue and increased competition from imports in domestic and regional markets, implying significant adjustment costs, which may be offset by some increases in exports to the EU. This collection excellently outlines a variety of analytical methods that can be used to assess the potential economic effects of trade policy reforms, shows how these can be applied to EPAs and derives implications for the issues that should be addressed in negotiating the details of agreements. This valuable contribution offers a balanced assessment of the issues and should be essential reading for postgraduates and researchers focussing on Development Economics. Furthermore, the book is written in an accessible style and should be an excellent resource for trade negotiators and government officials concerned with trade relations, as well as officials in the European Commission, individual countries (ACP, Commonwealth, EU) and in multilateral organizations (WTO, UNECA, World Bank, UNCTAD).

Accelerating Trade and Integration in the Caribbean

Accelerating Trade and Integration in the Caribbean PDF

Author: World Bank

Publisher: World Bank Publications

Published: 2009-07-17

Total Pages: 364

ISBN-13: 9780821380192

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The main objective of this report is to help policymakers in the Caribbean design an agenda of policy actions to accelerate trade integration and growth and reduce poverty. The report is a joint response from the World Bank and the Organization of American States (OAS) to a demand statement from the member states of CARICOM, formulated by the Caribbean Regional Negotiating Machinery and the CARICOM Secretariat, to strengthen the analytical underpinnings of the linkages between trade, economic growth, and poverty. It aims at centering the Caribbean's next round of trade reforms and its overall agenda around trade on these key thematic areas. The report provides an overview of the economic and trade system context of the Caribbean, under which the new trade environment is operating. It then discusses the opportunities and challenges for the Caribbean associated with the new trade environment. It finally quantifies the gains from global trade integration using a dynamic macroeconomic analysis. The report provides policy priorities to accelerating Caribbean integration into the world economy and to reap the benefits of global competition. Each part of the report focuses on a key question and adds value by providing an in-depth analysis of the issues raised and laying the foundations for policy recommendations described in the last chapter of the report: * Part I (Overview of economic and trade system context): is Caribbean's economic and trade system sound enough to sustain the new era of its global trade relations which is being shaped? * Part II (Focuses on the analysis of the new opportunities and challenges of the new trade environment): what are the opportunities and challenges that the new trade environment offers to the Caribbean? * Part III (Presents an assessment of the impact of the EPA on growth and poverty using two types of macroeconomic models): what are the gains in terms of growth and poverty reduction of the recently negotiated EPA?

Eastern Caribbean Currency Union

Eastern Caribbean Currency Union PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2009-06-02

Total Pages: 97

ISBN-13: 145181173X

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The Eastern Caribbean Currency Union (ECCU) countries financial system has increasingly come under stress particularly through weakly supervised nonbank and offshore financial sectors with knock-on effects to domestic banks. The staff report focuses on ECCU’s 2009 discussion on common policies of member countries on economic development and policies. In response, ECCU authorities have accelerated the establishment of national Single Regulatory Units and the passage of harmonized legislation to strengthen then regulation and supervision of nonbanks and offshore institutions.

Modeling Services Liberalization: The Case of Kenya

Modeling Services Liberalization: The Case of Kenya PDF

Author: David G. Tarr

Publisher: World Bank Publications

Published: 2008

Total Pages: 46

ISBN-13:

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This paper employs a 55 sector small open economy computable general equilibrium model of the Kenyan economy to assess the impact of the liberalization of regulatory barriers against foreign and domestic business service providers in Kenya. The model incorporates foreign direct investment in business services and productivity effects in imperfectly competitive goods and services markets endogenously, through a Dixit-Stiglitz framework. The ad valorem equivalent of barriers to foreign direct investment have been estimated based on detailed questionnaires completed by specialists in Kenya. We estimate very substantial gains to Kenya from regulatory liberalization in business services, and additional gains from uniform tariffs. The estimated gains increase to 50% of consumption in the long run steady state model, where the impact on the accumulation of capital from an improvement in the productivity of capital is taken into account. Decomposition exercises reveal that the largest gains to Kenya will derive from liberalization of costly regulatory barriers that are non-discriminatory in their impacts between Kenyan and multinational service providers.

The Eastern Caribbean Economic and Currency Union

The Eastern Caribbean Economic and Currency Union PDF

Author: Mr.Alfred Schipke

Publisher: International Monetary Fund

Published: 2013-04-10

Total Pages: 546

ISBN-13: 1616352655

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The Eastern Caribbean Economic and Currency Union (OECS/ECCU) is one of four currency unions in the world. As in other parts of the world in the aftermath of the global economic and financial crisis, the region is at a crossroads, facing the major challenges of creating jobs, making growth more inclusive, reforming the banking system, and managing volatility, while grappling with high public debt and persistent low economic growth. Policymakers have the critical task of implementing strong reforms to strengthen the monetary union while also laying the foundation for accelerating growth. This Handbook provides a comprehensive analysis of the key issues in the OECS/ECCU, including its organization and economic and financial sector linkages, and provides policy recommendations to foster economic growth.

Handbook of Small States

Handbook of Small States PDF

Author: Lino Briguglio

Publisher: Routledge

Published: 2018-05-11

Total Pages: 628

ISBN-13: 1351181831

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This handbook covers a wide spectrum of issues relating to small states. Chapters in the volume have been grouped under the three main themes of economic, social and environmental issues. The economics sections include chapters dealing with trade, finance and regulatory frameworks, while the social theme covers health, migration, population ageing, as well as overall social wellbeing. The environmental theme examines matters such as measuring environmental performance, natural disasters, the ocean economy, and the validity of the Sustainable Development Goals. One major issue is the definition of small states. As this volume demonstrates, generally speaking, population is used to measure country size in the literature. However, it clearly emerges that there is no real consensus as to the population cut-off point that distinguishes small states from large ones. While the approaches taken by the authors vary, in all cases the chapters draw practical policy implications for small states. The book can therefore be considered as a wide-ranging depositary of information on small states with the aim of deriving policy prescriptions, and thus as an excellent resource for academics, students and policymakers.

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