Chapter

Other Free Trade Areas and Customs Unions

Richard Pomfret

in The Economics of Regional Trading Arrangements

Published in print November 2001 | ISBN: 9780199248872
Published online November 2003 | e-ISBN: 9780191596797 | DOI: http://dx.doi.org/10.1093/0199248877.003.0014
 Other Free Trade Areas and Customs Unions

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Other free trade areas and customs unions have been less intensively studied than the EU or NAFTA. RTAs among developing countries have not had a great impact, often because paper agreements were not fully implemented, or where they have had an impact they have not survived, sometimes because they involved trade diversion that turned out to be costly for some members. Section 2 deals with RTAs among centrally planned economies.

Keywords: centrally planned economies; customs union; developing countries; free trade area; regional trading arrangement; trade diversion

Chapter.  3222 words. 

Subjects: International Economics

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