Regional Trade Integration and WTO Accession Which Is the Right Sequencing? An Application to the CIS

This paper analyzes the appropriate sequencing between accession to the World Trade Organization (WTO) and the implementation of the Eurasian Economic Community (EAEC) customs union and whether the latter facilitates or delays WTO accession for some member countries of the Commonwealth of Independen...

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Bibliographic Details
Main Author: Tumbarello, Patrizia
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2005
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 26 pages 
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653 |a Tariffs 
653 |a Tariff 
653 |a Trade agreements 
653 |a International Trade Organizations 
653 |a Public finance & taxation 
653 |a Commercial treaties 
653 |a Trade Policy 
653 |a Protectionism 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a International economics 
653 |a International trade 
653 |a Regional trade 
653 |a Taxation 
653 |a Imports 
653 |a Customs unions 
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520 |a This paper analyzes the appropriate sequencing between accession to the World Trade Organization (WTO) and the implementation of the Eurasian Economic Community (EAEC) customs union and whether the latter facilitates or delays WTO accession for some member countries of the Commonwealth of Independent States (CIS). If EAEC members pursue a coordinated approach toward WTO accession, this may cause delays that benefit some countries at the expense of others. The paper simulates the welfare effects resulting from the two sequencing alternatives (customs union and WTO or the reverse). The results show that, from a consumer surplus standpoint, it would be preferable to join the WTO ahead of the EAEC customs union. This paper does not attempt to assess the welfare implications of joining the EAEC as a political and economic entity, but only the welfare implications resulting from the implementation of the EAEC customs union