Safta: Living in a World of Regional Trade Agreements

February 1, 2007

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Format: Chicago

Jose Daniel Rodríguez-Delgado. Safta: Living in a World of Regional Trade Agreements, (USA: International Monetary Fund, 2007) accessed December 26, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The paper evaluates the South Asia Free Trade Agreement (SAFTA) within the global structure of overlapping regional trade agreements (RTAs) using a modified gravity equation. First, it examines the effects of the Trade Liberalization Program which started in 2006. SAFTA would have a minor effect on regional trade flows and the impact on custom duties would be a manageable fiscal shock for most members. Second, the paper ranks the trade effects of other potential RTAs for individual South Asian countries and SAFTA: RTAs with North American Free Trade Agreement (NAFTA) and the European Union (EU) dominate one with the Association of South East Asian Nations (ASEAN).

Subject: Imports, International trade, North American Free Trade Agreement, Tariffs, Taxes, Trade balance, Trade barriers

Keywords: Imports, India-Sri Lanka FTA, North American Free Trade Agreement, RTAs, SAFTA, SAFTA member, SAFTA tariff, SAFTA trade effect, SAFTA vis-à-vis, South Asia, Tariffs, Trade balance, Trade barriers, Trade creation, Trade diversion, Trade Liberalization, WP

Publication Details

Pages:

25
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2007/023
Stock No:

WPIEA2007023
ISBN:

9781451865875
ISSN:

1018-5941

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