An Analysis of a US-Southern African Customs Union (SACU) Free Trade Agreement

Drusilla K. Brown; Kozo Kiyota; Robert M. Stern

doi:10.1016/j.worlddev.2007.03.005

An Analysis of a US-Southern African Customs Union (SACU) Free Trade Agreement

Drusilla K. Brown, Kozo Kiyota, Robert M. Stern

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

Abstract

This paper analyzes the potential economic effects of bilateral negotiations for an FTA between the United States and the Southern African Customs Union (SACU). The US-SACU FTA bilateral negotiations were initiated in June 2003, but have become deadlocked over a series of issues of concern to the SACU. To determine whether a bilateral FTA might be in the SACU members' interests, we use the Michigan Model of World Production and Trade to assess the welfare and other economic effects of a bilateral FTA. We conclude that the benefits of an FTA are rather small, and that the interests of the global trading community, including the United States and SACU, could be better served by unilateral and especially multilateral liberalization.

Original language	English
Pages (from-to)	461-484
Number of pages	24
Journal	World Development
Volume	36
Issue number	3
DOIs	https://doi.org/10.1016/j.worlddev.2007.03.005
Publication status	Published - 2008 Mar
Externally published	Yes

Keywords

Africa
Free trade agreements
Multilateral liberalization
Southern African Customs Union
Unilateral liberalization

ASJC Scopus subject areas

Geography, Planning and Development
Development
Sociology and Political Science
Economics and Econometrics

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10.1016/j.worlddev.2007.03.005

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title = "An Analysis of a US-Southern African Customs Union (SACU) Free Trade Agreement",

abstract = "This paper analyzes the potential economic effects of bilateral negotiations for an FTA between the United States and the Southern African Customs Union (SACU). The US-SACU FTA bilateral negotiations were initiated in June 2003, but have become deadlocked over a series of issues of concern to the SACU. To determine whether a bilateral FTA might be in the SACU members' interests, we use the Michigan Model of World Production and Trade to assess the welfare and other economic effects of a bilateral FTA. We conclude that the benefits of an FTA are rather small, and that the interests of the global trading community, including the United States and SACU, could be better served by unilateral and especially multilateral liberalization.",

keywords = "Africa, Free trade agreements, Multilateral liberalization, Southern African Customs Union, Unilateral liberalization",

author = "Brown, {Drusilla K.} and Kozo Kiyota and Stern, {Robert M.}",

note = "Funding Information: Helpful comments on earlier versions of the paper were provided by Greg Schoepfle and anonymous referees. Kozo Kiyota gratefully acknowledges financial support from the Japan Society for the Promotion of Science (JSPS) 2006 Postdoctoral Fellowships for Research Abroad. Copyright: Copyright 2008 Elsevier B.V., All rights reserved.",

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AU - Brown, Drusilla K.

AU - Kiyota, Kozo

AU - Stern, Robert M.

N1 - Funding Information: Helpful comments on earlier versions of the paper were provided by Greg Schoepfle and anonymous referees. Kozo Kiyota gratefully acknowledges financial support from the Japan Society for the Promotion of Science (JSPS) 2006 Postdoctoral Fellowships for Research Abroad. Copyright: Copyright 2008 Elsevier B.V., All rights reserved.

PY - 2008/3

Y1 - 2008/3

N2 - This paper analyzes the potential economic effects of bilateral negotiations for an FTA between the United States and the Southern African Customs Union (SACU). The US-SACU FTA bilateral negotiations were initiated in June 2003, but have become deadlocked over a series of issues of concern to the SACU. To determine whether a bilateral FTA might be in the SACU members' interests, we use the Michigan Model of World Production and Trade to assess the welfare and other economic effects of a bilateral FTA. We conclude that the benefits of an FTA are rather small, and that the interests of the global trading community, including the United States and SACU, could be better served by unilateral and especially multilateral liberalization.

AB - This paper analyzes the potential economic effects of bilateral negotiations for an FTA between the United States and the Southern African Customs Union (SACU). The US-SACU FTA bilateral negotiations were initiated in June 2003, but have become deadlocked over a series of issues of concern to the SACU. To determine whether a bilateral FTA might be in the SACU members' interests, we use the Michigan Model of World Production and Trade to assess the welfare and other economic effects of a bilateral FTA. We conclude that the benefits of an FTA are rather small, and that the interests of the global trading community, including the United States and SACU, could be better served by unilateral and especially multilateral liberalization.

KW - Africa

KW - Free trade agreements

KW - Multilateral liberalization

KW - Southern African Customs Union

KW - Unilateral liberalization

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An Analysis of a US-Southern African Customs Union (SACU) Free Trade Agreement

Abstract

Keywords

ASJC Scopus subject areas

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