The Free Trade Agreement Between the United States and Morocco: The Importance of a Gradual and Assymetric Agreement

Jallab, Mustapha Sadni; Abdelmalki, Lahsen; Sandretto, René

doi:10.11130/jei.2007.22.4.852

Cited by 12 publications

(5 citation statements)

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“…These results are similar with those of Jallab, Abdelkmalki and René Sandretto (2007) on the impact of FTA between the United States and Morocco. They have found that, the agreement led to a total welfare gain by Moroccan consumers because they had access to goods at lower prices.…”

Section: Simulation Results and Discussionsupporting

confidence: 91%

Assessing the potential effects of the AfCFTA on togolese economy: An application of partial equilibrium model

Wonyra

Bayale

2020

Journal of Public Affairs

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Togo is one of the African countries to join spontaneously the African Continental Free Trade Area (AfCFTA), a new benchmark for trade development which seeks to provide a framework for the liberalization of trade in goods and services in Africa. Several economic opportunities are expected in Togo as a result of the implementation of the AfCFTA. This article provides insights on the potential implications of the AfCFTA Agreement for Togo in terms of trade, revenue and welfare effects. By applying the WITS‐SMART simulation model on 2018 disaggregated trade data, we find that, trade effects in Togo are likely to surge by US$ 8.83 million while promoting consumers' welfare by US$ 1.09 million. However, revenue losses are imminent as the country might experience a drop in tariff revenue of US$ 4.66 million. Overall, the AfCFTA is expected to improve on the country's trade balance as exports are envisaged to outweigh imports. In order to mitigate the revenue loses, we recommend that the country keeps substantial portion of tariff lines for sensitive and excluded products over a longer period during the liberalization.

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Section: Simulation Results and Discussionsupporting

confidence: 91%

Assessing the potential effects of the AfCFTA on togolese economy: An application of partial equilibrium model

Wonyra

Bayale

2020

Journal of Public Affairs

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“…A similar study conducted in the United States by Abdelmalki et al (2007) simulated the effect of the free trade agreement between the United States and Morocco with the WITS-SMART model. The output revealed that the bilateral trade agreement between the two nations significantly impacted their trading relationships.…”

Section: Review Of Empirical Literaturementioning

confidence: 99%

Impact of Free Trade Area on Trade, Revenue and Welfare in Nigeria

Chukwu

Omeje

Ofoezie

et al. 2022

Global Journal of Emerging Market Economies

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This study offers an analytical evaluation of the effects of Free Trade Area (FTA) agreements on trade, revenue, and welfare in Nigeria. The study applied World-Integrated Trade Solution/Software for Market Analysis and Restrictions on Trade (WITS-SMART), anchored on a partial equilibrium model (PEM) for its simulations. The study simulated 100% tariff elimination on selected products under Harmonized System (HS)-2 classification code sourced from Trade Analysis Information Systems (TRAINS) and Common Format for Transient Data Exchange (COMTRADE). The study’s findings show that the African Continental Free Trade Area (AfCFTA) agreement will benefit Nigeria’s economy from trade creation estimated at US$8,860.419 million, including a favorable welfare gain to the value of US$740.571 million. Nevertheless, Nigeria will sustain losses in trade revenue, valued at US$6,142.061 million. The study recommends proficient revenue management and well-diversified revenue collection sources, such as improvement in Value Added Tax and Ad-Valorem duty, to cushion the effects of the revenue loss resulting from tariff elimination in the FTA.

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“…We base this section on Laird and Yeats (1986) and related papers that apply SMART (James & Olarreaga, 2005;Khorana et al, 2009;Makochekanwa, 2014;Sadni Jallab et al, 2007) but adjust the notation to better match the standard used in the input-output analysis that follows. Let us start by defining the main variables in our trade analysis: TL iSR -Trade loss effect on commodity i imported from country R into country S. TD iSR -Trade diversion effect on commodity i imported from R into country S. M iSR -Imports of commodity i to country S from exporting country R. M iSRW -Imports of commodity i by S from the rest of the world.…”

Section: Technical Notation For the Trade Analysismentioning

confidence: 99%

Weaponized trade policy: the impact of US tariffs on the European automobile sector

Llano

Pérez

Khatabi

et al. 2020

Economic Systems Research

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With trade tensions running high, the Trump Administration is considering new tariffs on imported automobiles, and the main target would be the European Union, traditionally America's closest ally. In this paper we combine disaggregated models to estimate the impact of these tariffs worldwide, and especially on Spain. First, a trade-policy simulation model computes the potential effects worldwide. Then we plug these into the World Input-Output Database, obtaining the inter-sectoral effects of the tariffs on Europe and the rest of the world. Finally, we insert these results into the Spanish interregional Input-Output Tables, obtaining final effects for Spanish regions via their inter-sectoral relations with the European Union and the rest of the world. By our calculation, the new US auto tariffs could end up destroying 10,400 jobs in Spain alone and 567,000 jobs worldwide. Moreover, they might have unexpected consequences, affecting, Spanish regions and sectors that just indirectly depend on the automobile industry.

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The Free Trade Agreement Between the United States and Morocco: The Importance of a Gradual and Assymetric Agreement

Abstract: Abstract

Cited by 12 publications

References 5 publications

Assessing the potential effects of the AfCFTA on togolese economy: An application of partial equilibrium model

Assessing the potential effects of the AfCFTA on togolese economy: An application of partial equilibrium model

Impact of Free Trade Area on Trade, Revenue and Welfare in Nigeria

Weaponized trade policy: the impact of US tariffs on the European automobile sector

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