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Regional integration under VERs: when trade diversion is unambiguously beneficial.
By: Tarr, David G.
Material type:
BookSeries: Working papers series; No. 839. Publisher: Washington : World Bank, 1992Subject(s): Regional Integration | Trade agreements -- U.S. -- Trade agreements -- U.SSummary: Argues that the creation of a North American free trade area and other trading blocks is likely to result in trade diversion in sectors where protection is through voluntary export restraints. Further argues that trade diversion will be beneficial to the importing country.
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Argues that the creation of a North American free trade area and other trading blocks is likely to result in trade diversion in sectors where protection is through voluntary export restraints. Further argues that trade diversion will be beneficial to the importing country.
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