Contents

Free-Trade Areas and Special Protection

Tabakis, Chrysostomos

Abstract

This paper investigates the impact of free-trade-area (FTA) agreements on the ability of countries to multilaterally cooperate within an economic environment characterized by trade-flow volatility. We show that the parallel formation of different FTAs leads to a gradual but permanent easing of multilateral trade tensions. In particular, we demonstrate that the emergence of the FTAs will be accompanied by a decline in global 'special'-protection activity, such as safeguard or anti-dumping initiations, but will have less significant implications for most-favored-nation tariffs, or 'normal' trade protection.

Issue Date
2015-12
Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Keywords(Author)
free-trade areas; special protection; regional trade agreements; multilateral cooperation; trade diversion
Citation
The Journal of International Trade & Economic Development, vol. 24, no. 8, page. 1054 - 1076, 2015
DOI
10.1080/09638199.2014.999817
Journal Title
The Journal of International Trade & Economic Development
Start Page
1054
End Page
1076
ISSN
0963-8199
Language
English
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