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

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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Publisher:
CEPR
Host title:
C.E.P.R. Discussion Papers
Series:
C.E.P.R. Discussion Papers
Volume:
1012
Publication date:
1994-01-01
Paper number:
1012
Language:
English
UUID:
uuid:63b8d8ce-0d49-4bb4-8113-0082eabb42dd
Local pid:
oai:economics.ouls.ox.ac.uk:11663
Deposit date:
2011-08-16

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