Are Customs Unions Economically Sensible in the Commonwealth of Independent States
The twelve members of the Commonwealth of Independent States established a Free Trade Area to help maintain trade among each other. More recently, Belarus, Kazakstan, the Kyrgyz Republic and Russia agreed, in principle, to establish a Customs Union...
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/263421484196642941/Are-customs-unions-economically-sensible-in-the-Commonwealth-of-Independent-States http://hdl.handle.net/10986/25932 |
| Summary: | The twelve members of the Commonwealth
of Independent States established a Free Trade Area to help
maintain trade among each other. More recently, Belarus,
Kazakstan, the Kyrgyz Republic and Russia agreed, in
principle, to establish a Customs Union (CU). The paper
concludes that the dynamic effects of the CU (and Free Trade
Area) are likely to be negative because it would tend to
lock the countries into the old technology of the Soviet
Union. The static effects are mixed but are adverse for
countries that have liberal trade regimes compared to the
common external tariff contemplated for the CU. |
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