Citation

Discussion Paper Details

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Title: Trade Policy and Regional Integration: Implications for the Relations between Europe and Africa

Author(s): Paul Collier and John Toye

Publication Date: July 1994

Keyword(s): Credibility, Reciprocal Distrimination, Regional Integration and Trade Liberalization

Programme Area(s): International Trade and Regional Economics

Abstract: For Africa, a regional customs union is unlikely to realise net welfare gains (in the sense of trade creation dominating trade diversion) which cannot be attained through unilateral trade liberalization. Unilateral reform has often failed in Africa, however. A regional customs union tied to Europe with reciprocal free trade is likely to dominate unilateral liberalization in several ways. Most importantly, it would make trade liberalization credible and thereby easier to sustain.

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Bibliographic Reference

Collier, P and Toye, J. 1994. 'Trade Policy and Regional Integration: Implications for the Relations between Europe and Africa'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1012