Free Trade Agreements :US Strategies and Priorities

Free Trade Agreements :US Strategies and Priorities

by Jeffrey J. Schott
Pub. Date:
Peterson Institute for International Economics

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Free Trade Agreements :US Strategies and Priorities

In this conference volume, distinguished economists and trade policymakers address the US initiatives to enter into free trade negotiations with a broad range of countries in the Asia-Pacific region, the Western Hemisphere, and Africa. The sheer number of these initiatives is unprecedented and has provoked major policy questions concerning US interests in the negotiations, the setting of priorities among the many contenders for concluding free trade agreements (FTAs) with the United States, the objectives of those trading partners, and the implications that these agreements could have for broader initiatives such as the Doha Round in the World Trade Organization and the Free Trade Area of the Americas.

The papers in the volume were presented during a conference on FTAs and US trade policy, sponsored by the Institute in May 2003. The editor, Jeffrey Schott, summarizes the policy implications drawn from the conference papers and discussions, which are organized around several topics: the conceptual case for FTAs and how they have worked in the past; what FTAs imply for the broader global system; the specific agreements that are already being pursued (Australia, Central America, Morocco, southern Africa) or considered (ASEAN, Brazil, Egypt, Korea, and Taiwan). The volume includes a technical appendix with results of GTAP and gravity model simulations of the trade and welfare effects of the prospective agreements.

Product Details

ISBN-13: 9780881323610
Publisher: Peterson Institute for International Economics
Publication date: 05/28/2004
Series: Special Report Ser.
Edition description: New Edition
Pages: 450
Product dimensions: 6.08(w) x 9.00(h) x 0.89(d)
Age Range: 18 Years

Table of Contents

1Free Trade Agreements: Boon or Bane of the World Trading System?3
IILessons from US Experience with FTAs
2Lessons from NAFTA37
3Free Trade Agreements as Foreign Policy Tools: The US-Israel and US-Jordan FTAs51
4Lessons from the Chile and Singapore Free Trade Agreements79
IIINew Initiatives in the Asia Pacific
5Australia-US Free Trade: Benefits and Costs of an Agreement95
6US Free Trade Agreements with ASEAN117
7Korea-US Free Trade Revisited173
8US-Taiwan Free Trade Agreement Prospects197
IVNew Initiatives in Latin America
9The US-Central America Free Trade Agreement: Opportunities and Challenges225
10Brazil: FTA or FTAA or WTO?277
VNew Initiatives in Africa and the Middle East
11Egypt, Morocco, and the United States299
12Competitive Liberalization and a US-SACU FTA331
VIPolicy Conclusions and Recommendations
13Assessing US FTA Policy359
Technical AppendixQuantitative Estimates of the Economic Impacts of US Bilateral Free Trade Agreements383
About the Contributors419

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