Pacific Islands - Regional Economic Report : Embarking on a Global Voyage - Trade Liberalization and Complementary Reforms in the Pacific

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dc.creatorWorld Bank
dc.date2013-08-26T22:12:01Z
dc.date2013-08-26T22:12:01Z
dc.date2002-09-10
dc.date.accessioned2026-07-01T01:28:54Z
dc.descriptionThis regional economic report, evaluates the strategy that the Pacific Island Countries (PICs) have chosen towards liberalizing their economies, and, analyzes as well the interaction of trade liberalization with complementary reforms in taxation, and the public sector. As a consequence of multilateral and unilateral efforts towards freer trade worldwide, preferential access granted to PICs in developed country markets, is being eroded. In particular, the report looks at the Pacific Island Countries Trade Agreement (PICTA), viewed as a "stepping stone" to become more competitive in global markets. It is important to note that the formation of a preferential trade area, as opposed to multilateral or unilateral liberalization, is perceived as trade liberalization, but in a gradual process, to limit disruptions, and adjustments to their economies. However, in order for this "stepping stone" not to become a "stumbling block," the liberalization strategy needs to be actively pursued, through sound policy framework, and trade facilitation. Furthermore, the small un-diversified economies of, and very little trade among PICs suggests very small benefits from PICTA; yet, trade diversion which favors the more industrially advanced members is likely to develop. Nonetheless, the formulation of a free trade agreement between the PICs, and Australia and New Zealand, negotiations over reciprocal free trade agreements with the European Union in 2002 as envisaged, and provision of a free trade association by some PICs with the United States, inevitably will require the widening of preferential trading arrangements beyond PICTA, though the timing is uncertain. It is suggested that the pace and composition of reforms - in particular, more complete trade liberalization, and public sector reform - will need to be calibrated to the progress on efforts to enhance the business environment, and increase labor, and capital mobility.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2002/09/2004284/pacific-islands-regional-economic-report-embarking-global-voyage-trade-liberalization-complementary-reforms-pacific
dc.identifierhttps://hdl.handle.net/10986/15362
dc.identifierhttps://doi.org/10.1596/15362
dc.identifier.urihttp://hdl.handle.net/123456789/418472
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectECONOMIC ANALYSIS
dc.subjectTRADE LIBERALIZATION
dc.subjectREFORM IMPLEMENTATION
dc.subjectPUBLIC SECTOR MANAGEMENT
dc.subjectTAX REFORMS
dc.subjectPUBLIC SECTOR DIVESTMENT
dc.subjectREFORM POLICY
dc.subjectPREFERENTIAL TREATMENT
dc.subjectFREE TRADE AREAS
dc.subjectREGIONAL TRADE AGREEMENTS
dc.subjectCOMPETITIVE EQUILIBRIUM
dc.subjectTRADE STRUCTURE
dc.subjectMARKET ACCESS
dc.subjectPOLICY FRAMEWORK
dc.subjectTRADE FACILITATION
dc.subjectECONOMIC DIVERSIFICATION
dc.subjectTRADE EXPANSION
dc.subjectINTERNATIONAL TRADE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectLABOR MARKET POLICY
dc.subjectCAPITAL MOBILIZATION
dc.subjectREVENUE MEASURES
dc.subjectSKILLED WORKERS
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectSOCIAL COSTS ADVERSE IMPACTS
dc.subjectAGRICULTURE
dc.subjectAUDITS
dc.subjectBENEFICIAL TRADE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCOMPETITION POLICY
dc.subjectCOMPLETE INTEGRATION
dc.subjectCOMPLETE LIBERALIZATION
dc.subjectCONSUMERS
dc.subjectCOUNTRY MARKETS
dc.subjectCUSTOMS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDOMESTIC CONSUMERS
dc.subjectDOMESTIC FIRMS
dc.subjectDOMESTIC MARKETS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC IMPACT
dc.subjectECONOMIC PARTNERSHIP AGREEMENT
dc.subjectECONOMIC PARTNERSHIP AGREEMENTS
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC RELATIONS
dc.subjectECONOMIES OF SCALE
dc.subjectEXPANDING TRADE
dc.subjectEXPLOITATION
dc.subjectEXPORT INDUSTRIES
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL TARIFFS
dc.subjectEXTERNAL TRADE
dc.subjectEXTERNAL TRADE BARRIERS
dc.subjectFISHERIES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN FIRMS
dc.subjectFOREIGN INVESTMENT
dc.subjectFREE ACCESS
dc.subjectFREE MOVEMENT OF LABOR
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectFREE TRADE AGREEMENTS
dc.subjectFREE TRADE AREAS
dc.subjectFREER TRADE
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL MARKETS
dc.subjectGLOBAL TRADE
dc.subjectIMPORTING COUNTRY
dc.subjectIMPORTS
dc.subjectINCOME COUNTRIES
dc.subjectINCOME SUPPORT PROGRAMS
dc.subjectINTERNAL TARIFFS
dc.subjectINTERNAL TRADE
dc.subjectINTERNAL TRADE BARRIERS
dc.subjectLABOR CONDITIONS
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR MOBILITY
dc.subjectLABOR MOVEMENT
dc.subjectLEGISLATION
dc.subjectLOCAL LABOR
dc.subjectMARKET ACCESS
dc.subjectMEMBER COUNTRIES
dc.subjectMINIMUM WAGES
dc.subjectMULTILATERAL INITIATIVES
dc.subjectMULTILATERAL LIBERALIZATION
dc.subjectNATIONAL INCOME
dc.subjectOPEN TRADE
dc.subjectPER CAPITA INCOMES
dc.subjectPOLICY MAKERS
dc.subjectPOLICY REFORMS
dc.subjectPREFERENTIAL ACCESS
dc.subjectPREFERENTIAL LIBERALIZATION
dc.subjectPREFERENTIAL REMOVAL
dc.subjectPREFERENTIAL TRADE
dc.subjectPREFERENTIAL TRADE AREA
dc.subjectPREFERENTIAL TRADE ARRANGEMENT
dc.subjectPREFERENTIAL TRADE LIBERALIZATION
dc.subjectPREFERENTIAL TRADING
dc.subjectPREFERENTIAL TRADING ARRANGEMENTS
dc.subjectPRIVATE ENTITIES
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCERS
dc.subjectPRODUCT MARKETS
dc.subjectPRODUCT STANDARDS
dc.subjectPRODUCTIVITY
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC SECTOR
dc.subjectREDUCING TRADE BARRIERS
dc.subjectREDUCTION IN TARIFFS
dc.subjectREFORM PROGRAMS
dc.subjectREGIONAL INTEGRATION
dc.subjectREGIONAL MARKET
dc.subjectREGIONAL TRADE
dc.subjectREGIONAL TRADE AGREEMENT
dc.subjectREVENUE LOSS
dc.subjectRULES OF ORIGIN
dc.subjectSOCIAL COSTS
dc.subjectTARIFF BARRIERS
dc.subjectTARIFF DIVERSION
dc.subjectTARIFF RATES
dc.subjectTARIFF REDUCTIONS
dc.subjectTARIFF REVENUE
dc.subjectTARIFF REVENUES
dc.subjectTAX POLICIES
dc.subjectTAX RATES
dc.subjectTAX REFORM
dc.subjectTAX REFORMS
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTAX SYSTEM
dc.subjectTAX SYSTEMS
dc.subjectTAXATION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTECHNICAL STANDARDS
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTERMS OF TRADE
dc.subjectTOURISM
dc.subjectTRADE AGREEMENT
dc.subjectTRADE BARRIERS
dc.subjectTRADE DIVERSION
dc.subjectTRADE EXPANSION
dc.subjectTRADE FACILITATION
dc.subjectTRADE FACILITATION MEASURES
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE MORE
dc.subjectTRADE REFORM
dc.subjectTRADE REGIME
dc.subjectTRADE REGIMES
dc.subjectTRADE RELATIONS
dc.subjectTRADE TAXES
dc.subjectTRADING BLOCS
dc.subjectTRADING PARTNERS
dc.subjectTRADING PATTERNS
dc.subjectTRANSACTION COSTS
dc.subjectUNEMPLOYMENT
dc.subjectUNILATERAL EFFORTS
dc.subjectVALUE ADDED
dc.subjectWAGE RATE
dc.subjectWELFARE GAINS
dc.subjectWORLD ECONOMY
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titlePacific Islands - Regional Economic Report : Embarking on a Global Voyage - Trade Liberalization and Complementary Reforms in the Pacific

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