New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global
            Value Chains: The case of Mercosur and China

Ferraz, Lucas Pedreira do Couto; Ribeiro, Marcel

doi:10.5935/0034-7140.20180016

Cited by 1 publication

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“…Their results indicate that the TTIP will have a positive impact on global trade and the economy due to the reduction in tariff barriers and non-tariff barriers. Ferraz and Ribeiro (2018) used member states of the Mercosur and China as examples to explore the impact of changes in non-tariff barriers on GVCs using a CGE model. Their results showed that the formalization of preferential trade agreements with natural trade partners may pave the way for Brazilian industry to integrate into GVCs.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Trade Barrier Reductions on Global Value Chains for Agricultural Products in China and Countries along the ‘Belt and Road’

2022

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The Belt and Road Initiative (BRI) may potentially reduce trade barriers between China and countries along the Belt and Road (BR) route, affecting the positions in Global Value Chains (GVCs) of agricultural products of these countries. This study explores the BRI influence on the GVC positions using a global computable general equilibrium (CGE) model and focusing on China and the BR countries. The study finds that the reduction of tariff barriers and non-tariff barriers between countries along ‘the Belt and Road’ results in increased producer prices and volumes of almost all agricultural products exported from China, which improves the position of China in the GVCs of these agricultural products in our best estimate scenario. Countries along the BR route also benefit from the reduction in trade barriers, with improved positions in the GVCs of agricultural products in the best estimate scenario, especially those products that have comparative advantages in GVCs.

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Section: Literature Reviewmentioning

confidence: 99%