Should the Caribbean Countries Sign an Economic Partnership Agreement with the EU?: Challenges and Strategic Options |
Matthias Busse, Simon Lüehje, |
Hamburg Institute of International Economics University of Siegen |
Copyright ©2007 The Journal of Economic Integration |
ABSTRACT |
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Currently, the European Union is negotiating an free trade agreement, called Economic Partnership Agreement (EPA), with Caribbean countries as part of the Cotonou Agreement between the European Union and African, Caribbean and Pacific countries. The paper empirically assesses the impact of the proposed EPA on trade flows and government revenue for Caribbean countries. The results indicate that the decline in import duties due to the preferential tariff elimination might be of some cause for concern in a number of countries, and that complementary fiscal and economic policies have to be implemented before or at the time the EPA comes into force. JEL classification: F15, O24, O54 |
Keywords:
Economic Partnership Agreement | EU | Cariforum | Caricom | Caribbean
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REFERENCE |
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Brenton, Paul and Miriam Manchin (2003), Making EU Trade Agreements Work: The Role of Rules of Origin, World Economy, Vol. 26, No. 5, pp. 755-769. |
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Brenton, Paul (2003), Integrating the Least Developed Countries into the World Trading System: The Current Impact of EU Preferences under Everything But Arms, Journal of World Trade, Vol. 37, No. 3, pp. 623-646. |
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