Draft common external tariff for the East Caribbean Common Market

Includes bibliography

Some implications of adoption of CARICOM Common External Tariff (CET)

Analiza los problemas planteados por la incorporacion de Haiti a la Comunidad del Caribe (CARICOM) y especialmente al Mercado Comun. Destaca las implicancias que derivan de la adopcion del Arancel Externo Comun de CARICOM

Note on Meeting of Council of Ministers of the East Caribbean Common Market

Comentarios sobre la 10a Reunion del Consejo de Ministros del Mercado Comun del Caribe Oriental (MCCO). Incluye en anexos la posicion del MCCO sobre algunos puntos de la agenda

Provisional customs tariff for the East Caribbean Common Market with list of conditional duty exemptions and reductions

Includes bibliography

La industria de transporte regular internacional y la competitividad del comercio exterior de los países de América Latina y el Caribe = The international common-carrier transportation industry and the competitiveness of the foreign trade of the countries of Latin America and the Caribbean

Incluye Bibliografía

La industria de transporte regular internacional y la competitividad del comercio exterior de los países de América Latina y el Caribe = The international common-carrier transportation industry and the competitiveness of the foreign trade of the countries of Latin America and the Caribbean

Incluye Bibliografía

Expectations and industrial output in Uruguay: Sectoral interdependence and common trends

This paper examines the interdependence between expectations and growth by analysing Uruguayan manufacturing industry, divided for the purpose into four industry groupings differentiated by trade participation and production specialization. The study shows that there is a long-run relationship between industrialists' expectations and output growth in each grouping. In the most trade-oriented groupings the relationship is one of predetermination, showing how useful expectations are as a guide to sectoral growth. Expectations in the four industrial groupings are shown to follow a common long-run trend, identified with the one guiding the export grouping. Impulse-response simulations derived from a multisectoral vector autoregression (VAR) model confirm the important role of the industries most exposed to international competition in spreading shorter-term shocks.

Exports from the Brazilian automotive sector to the Southern Common Market: Trade diversion or cost reduction?

The automotive sector is one of the sectors in which trade between mercosur countries has grown most strongly. This article examines the possibility that trade diversion occurred in that sector during the period 1991-2010, assuming that product costs fell as a result of market expansion. The analysis is based on the concepts of “cost reduction” and “trade suppression” coined by Corden (1972), which capture the effects of economies of scale. Indices of regional orientation and revealed comparative advantages are used in combination to assess whether the trade bloc is evolving in line with comparative advantages. The results suggest efficiency gains for automotive-sector products, exports of which from Brazil to mercosur grew more vigorously because the expanded and relatively protected market made it possible to exploit the economies of scale that are characteristic of the automotive industry.