Advertisement

Intra-Latin American trade in the 1990s and its analytical base

  • Ricardo Ffrench-Davis
Part of the St Antony’s Series book series (STANTS)

Abstract

Deep trade reforms have been undertaken in Latin America as part of a broad-ranging process of change in which international competitiveness and exports play a leading role. Most countries are looking for export-led development. Nonetheless, in contrast with the experience of East Asian nations, the main instrument of trade reform has been a rather indiscriminate and rapid liberalization of imports (see Chapter 3; and ECLAC, 1995, ch. V). Most LACs introduced reforms that could be described as drastic and sudden. Generally speaking, the tariff protection provided at present differs considerably from its pre-reform levels, and the spread of rates of effective protection has diminished substantially. For instance, the simple average external tariff was reduced from 45 per cent by the mid-1980s to 13 per cent ten years later. No country has yet adopted a zero tariff rate, however. These regional trends in trade policy have been complemented by a drive towards implementing bilateral or multilateral free trade agreements, covering a wide spectrum of items. The fact that tariffs are different from zero but are at moderate levels leaves space for reciprocal tariff preferences but with more limited trade diversion than in earlier trade integration programmes.

Keywords

Trade Diversion Trade Reform Intraregional Trade Transitional Cost East Asian Nation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Ricardo Ffrench-Davis 2000

Authors and Affiliations

  • Ricardo Ffrench-Davis
    • 1
    • 2
  1. 1.ECLACSantiagoChile
  2. 2.University of ChileSantiagoChile

Personalised recommendations