Exploring the Links between Bilateral and Regional Trade Agreements and Merchandise Trade

Date

2015

Authors

Barbalet, Felix
Greenville, Jared
Crook, Wayne
Gretton, Paul
Breunig, Robert

Journal Title

Journal ISSN

Volume Title

Publisher

Wiley-Blackwell Publishing Asia

Abstract

Over 200 bilateral and regional trade agreements are currently in force, yet their impact remains a topic of debate. We analyse effects of 27 agreements that are of particular importance for Australia on the value of merchandise trade flows using data from 1970 up to the global financial crisis in 2008. We show that preferential trade agreements generally increase trade between members but that there are often offsetting negative effects on trade with non-signatories. In contrast to regional trading blocs and bilateral accords, agreements more oriented towards open trade principles have a positive impact on all trade flows of member nations.

Description

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Citation

Source

Asia & The Pacific Policy Studies

Type

Journal article

Book Title

Entity type

Access Statement

Open Access

License Rights

DOI

10.1002/app5.101

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