Non-Preferential Trading Clubs

Pascalis Raimondos-Møller, Alan D. Woodland

Research output: Working paperResearch

Abstract

This paper examines the welfare implications of non-discriminatorytariff reforms by a subset of countries, which we term a non-preferential tradingclub. We show that there exist coordinated tariff reforms, accompaniedby appropriate income transfers between the member countries, that unambiguouslyincrease the welfare of these countries while leaving the welfare ofnon-members unaltered. In terms of economic policy implications, our resultsshow that there exist regional, MFN-consistent arrangements that leadto Pareto improvements in world welfare.JEL code: F15.Keywords: Trading clubs, non-preferential tariff reform, Kemp-Wan-Ohyama proposition.
Original languageEnglish
Place of PublicationKøbenhavn
Number of pages29
ISBN (Electronic)x656444249
Publication statusPublished - 2004

Cite this

Raimondos-Møller, P., & Woodland, A. D. (2004). Non-Preferential Trading Clubs. København.
Raimondos-Møller, Pascalis ; Woodland, Alan D. / Non-Preferential Trading Clubs. København, 2004.
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Raimondos-Møller, P & Woodland, AD 2004 'Non-Preferential Trading Clubs' København.

Non-Preferential Trading Clubs. / Raimondos-Møller, Pascalis; Woodland, Alan D.

København, 2004.

Research output: Working paperResearch

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AB - This paper examines the welfare implications of non-discriminatorytariff reforms by a subset of countries, which we term a non-preferential tradingclub. We show that there exist coordinated tariff reforms, accompaniedby appropriate income transfers between the member countries, that unambiguouslyincrease the welfare of these countries while leaving the welfare ofnon-members unaltered. In terms of economic policy implications, our resultsshow that there exist regional, MFN-consistent arrangements that leadto Pareto improvements in world welfare.JEL code: F15.Keywords: Trading clubs, non-preferential tariff reform, Kemp-Wan-Ohyama proposition.

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Raimondos-Møller P, Woodland AD. Non-Preferential Trading Clubs. København. 2004.