GTAP Resources: Resource Display
| GTAP Resource #2449 |
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"Economic Partnership Agreements: Assessing Potential Implications from Some Alternative Scenario" by Raihan, Selim, Mohammad Razzaque and Edwin Laurent Abstract The African Caribbean and Pacific (ACP) countries and the EU have long maintained a special trading relationship that evolved through previously operated various rounds of Lomé Convention to the latest arrangement of the Cotonou Partnership Agreement. However, being a non-reciprocal preferential arrangement, Cotonou has been WTO-inconsistent. The EU and ACP were granted a waiver from the relevant WTO provision until the end of 2007 to facilitate the formation of a mechanism that would be compatible with the rules of multilateralism. Consequently, the Economic Partnership Agreements (EPAs) that are currently being negotiated are likely to result in sudden and significant opening-up of the ACP markets to EU exporters. In this backdrop, the simulations conducted in this study, using the GTAP model and database, seem to suggest that full reciprocity will likely to bring negative impacts for the African countries with the LDC members being subject to large terms of trade shocks and loss of government revenues. The prospect of deepening regional integration in Africa is also adversely affected. There are a number important implications arising from these results. |
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- Preferential trading arrangements - Calibration and parameter estimation - The GTAP Data Base and extensions |
| Attachments |
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If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  2007 Conference Paper (211.9 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
