Trade and investment in Latin America and Asia: Lessons from the past and potential perspectives from further integration

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dc.creatorBerisha-Krasniqi, Valdete
dc.creatorBouët, Antoine
dc.creatorEstrades, Carmen
dc.creatorLaborde Debucquet, David
dc.date2011
dc.date2024-10-01T13:54:58Z
dc.date2024-10-01T13:54:58Z
dc.date.accessioned2026-06-27T15:27:50Z
dc.descriptionThe last several years have seen an unprecedented cooperation in trade and investment between Asia and Latin America. Since 2003 an average of 2.2 regional trade agreements (RTAs)* per year have been signed between countries of these two regions, and more RTAs are being negotiated. This is an important and relatively new phenomenon, considering that prior to 2003 there was virtually no bilateral RTA between these regions. In light of these trends, this study examines the potential impacts of a free trade agreement (FTA) between Latin America and Asia using the MIRAGE computable general equilibrium (CGE) model of the world economy. The analysis introduces three key modeling innovations: (1) a new way of modeling foreign direct investment (FDI), (2) a new tariff aggregator, and (3) incorporation of bilateral investment treaties (BITs) in the model. These modeling improvements enable us to examine the potential impact of an FTA on FDI, a key aspect of economic relations between Asia and Latin America. The findings in this study show that an FTA between Asia and Latin America would bring benefits to most FTA members, although gains would be higher for Latin American countries as a result of increased investment inflows as well as increased exports to Asia under the FTA.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/152556
dc.identifier.urihttp://hdl.handle.net/123456789/105150
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.rightsOpen Access
dc.sourceBerisha-Krasniqi, Valdete; Bouët, Antoine; Estrades, Carmen; Laborde Debucquet, David. 2011. Trade and investment in Latin America and Asia: Lessons from the past and potential perspectives from further integration. IFPRI Discussion Paper 1060. https://hdl.handle.net/10568/152556
dc.subjectcomputable general equilibrium models
dc.subjecttrade liberalization
dc.subjectmodels
dc.subjectfree trade agreements
dc.titleTrade and investment in Latin America and Asia: Lessons from the past and potential perspectives from further integration
dc.typeWorking Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)