Please use this identifier to cite or link to this item: http://hdl.handle.net/2123/8381

Title: Camouflaged Trade Agreements
Authors: Appelbaum, Elie
Melatos, Mark
School of Economics
Keywords: Customs Union
Common External Tariff
Free Trade Area
General Agreement on Tariffs and Trade
Trade Agree­ment
World Trade Organization
Issue Date: May-2012
Publisher: School of Economics
Series/Report no.: 2012-11
Abstract: We raise the possibility that at least some of the free trade areas observed in practice are customs unions in disguise. We distinguish between generalized and standard customs unions. While members of the former can choose different external tariff rates, members of the latter levy a common external tariff. The chief insight is that, in practice, it is typically not possible to differentiate between a generalized customs union and a free trade area. We demonstrate that generalized customs unions will be established and offer an ex­planation for the design of Article XXIV of the General Agreement on Tariffs and Trade.
URI: http://hdl.handle.net/2123/8381
Department/Unit/Centre: School of Economics
Appears in Collections:Working Papers - Economics

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