Regional Integration Under VERs: When Trade Diversion is Unambiguously Beneficial
David G. Tarr
Jan 1992 · World Bank Publications
Ebook
6
Pages
About this ebook
The creation of a North American free trade area and other trading blocs is likely to result in trade diversion in sectors where protection is exercised through voluntary export restraints (VERs). Such trade diversion will benefit the improving country but will hurt exporting countries outside the trading bloc.
The creation of a North American free trade area and other trading blocs is likely to result in trade diversion in sectors where protection is exercised through voluntary export restraints (VERs). Such trade diversion will benefit the improving country but will hurt exporting countries outside th...
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