Commonwealth Trade Hot Topics

The Trade Hot Topics series provides concise and informative analyses of various trade and trade-related issues which are prepared both by Commonwealth Secretariat and international experts.


Managing Fiscal Adjustment Costs of Regional Trading Arrangements

The Case of Small Island Pacific States

The fourteen island member states of the Pacific Islands Forum are some of the smallest and geographically most isolated countries in the world. Despite their small size, limited negotiating capacity and miniscule share of world trade, they are embarking on a number of ambitious North–South regional trading arrangements. This issue of Commonwealth Trade Hot Topics highlights some policy challenges facing small states in trade negotiations, and proposes options for managing fiscal adjustment costs emanating from these processes.


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