1887

International Trade Working Paper

The International Trade Working Paper series promptly documents and disseminates reviews, analytical work and think-pieces to facilitate the exchange of ideas and to stimulate debates and discussions on issues that are of interest to developing countries in general and Commonwealth members in particular. The issues considered in the papers may be evolving in nature, leading to further work and refinement at a later stage.

English

Trade Facilitation in the Commonwealth

An Economic Analysis

This paper examines the economic impact of trade facilitation between Commonwealth members, using a global computable general equilibrium framework. We document enormous economic impact, much higher than a complete tariff liberalisation amongst these countries. Economic impact is quite visible in terms of welfare, Gross Domestic Product, employment and trade in several sectors. We abstract from the costs involved in such trade facilitation – accounting for them is beyond the scope of this study.

English

Keywords: GTAP, CGE, trade facilitation, Commonwealth
JEL: F13: International Economics / Trade / Trade Policy; International Trade Organizations; F62: International Economics / Economic Impacts of Globalization / Economic Impacts of Globalization: Macroeconomic Impacts; F68: International Economics / Economic Impacts of Globalization / Economic Impacts of Globalization: Policy
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