EPA Review Annex Documents - DFID
EPA Review Annex Documents - DFID
EPA Review Annex Documents - DFID
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SADC<br />
Fontagne et<br />
PACIFI<br />
C<br />
CARIBBEAN<br />
ECA (2005)<br />
PE<br />
Fontagne et<br />
al (2008) PE<br />
(6-digits)<br />
Keck and<br />
Piermartini<br />
(2008) CGE<br />
Perez<br />
(2005) CGE,<br />
2001 base<br />
year<br />
al (2008) PE<br />
(6-digits)<br />
Scollay<br />
(2002) CA<br />
Perez<br />
(2005) CGE,<br />
2001 base<br />
year<br />
fontegne et<br />
al (2008) PE<br />
(6-digits)<br />
Gasiorek<br />
and Winters<br />
(2004) CA<br />
Gasiorek et<br />
al (2006)<br />
CA, PE, GM<br />
Greenaway<br />
and Milner<br />
(2003) PE<br />
• Net trade creating but some loss in intra regional<br />
trade through TD.<br />
Export cost of losing Cotonou: (-1.8%)<br />
Long run effects of <strong>EPA</strong>: X(+7%), M(+11%)<br />
• Average effects<br />
Vol of X: + 3.6%<br />
Vol of M: +11.4%<br />
GDP: +0.12%<br />
• Small fall in GDP for Botswana, Zambia,<br />
Mozambique and Tanzania<br />
• EU-MERCOSUR agreement would significantly<br />
lower the gains<br />
80-100 liberalisation with EU<br />
RoSADC: GDP (-0.07%), ToT (-0.01%), BoT (-<br />
130), Welfare (-24)<br />
Export cost of losing Cotonou: (-8.2%)<br />
Long run effects of <strong>EPA</strong>: X(+37%), M(+0%)<br />
80-100 liberalisation with EU<br />
ACP Pacific: GDP (-0.17%), ToT (-0.65%), BoT (-<br />
97), Welfare (-134)<br />
Export cost of losing Cotonou: (-9%)<br />
Long run effects of <strong>EPA</strong>: X(+25%), M(+27%)<br />
Stronger scope for trade diversion over trade<br />
creation.<br />
Strong scope for trade diversion, existence of<br />
trade re-orientation and creation but in smaller<br />
magnitudes.<br />
PE:<br />
Average change in tot imports:<br />
• reciprocity: 2.7%<br />
•extended reciprocity (with US): 9%<br />
• full multilateral liberalisation: 13.4%<br />
• Revenue implications: more<br />
serious for non SACU<br />
members.<br />
Tariff revenue loss : -22%, or<br />
-16% if revenue loss is to be<br />
minimised.<br />
41<br />
Counterfactual is<br />
Cotonou preferences.<br />
N/A Scenario full reciprocal<br />
liberalisation EU-SADC<br />
(includes SA)<br />
Reciprocity (% GDP loss)<br />
50% � 0.1%<br />
80% � 0.4%<br />
100% �1.4%<br />
Tariff revenue loss : -8%, or -<br />
8% if revenue loss is to be<br />
minimised<br />
Reciprocity (% GDP loss)<br />
50% � 1.2%<br />
80% � 1.6%<br />
100% �2.1%<br />
Tariff revenue loss: -16%, or<br />
- 13% if revenue loss is to be<br />
minimised.<br />
Reduction in Revenue of 22%<br />
Average revenue effects<br />
•Reciprocity: -72.9%<br />
Extended reciprocity<br />
exacerbates this and full<br />
liberalisation entails complete<br />
loss of tariff revenue.<br />
Base year is 1997.<br />
9 CARICOM countries.<br />
Granting full reciprocity<br />
implies forsaking<br />
Customs duty on EU<br />
imports and on diverted<br />
Fiscal Adjustment: 340<br />
Export Diversification: 261<br />
Employment adjustment: 217<br />
Skills/prod. Enhancement: 255<br />
Total Adjustment costs: 1073<br />
Fiscal Adjustment:210<br />
Export Diversification:175<br />
Employment adjustment:82<br />
Skills/prod. Enhancement: 175<br />
Total Adjustment costs: 642<br />
Fiscal Adjustment: 375<br />
Export Diversification: 199<br />
Employment adjustment: 140<br />
Skills/prod. Enhancement: 210<br />
Total Adjustment costs: 924