rade in Mediterranean Products: The Effects of Unit States Regional and Bilateral Trade Agreements Cal Med Consortium Workshop Mediterranean Products in the WTO Trade Negotiations and Trad Disputes and in Regional Trade Agreements Fumiko Yamazaki & Mechel S. Paggi* Montpellier, France 26, June, 2006 •Fumiko Yamazaki, Senior Research Economist and Mechel S. Paggi, Director Center for Agricultural Business, California State University, Fresno
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Trade in Mediterranean Products: The Effects of United StatesRegional and Bilateral Trade Agreements
Cal Med Consortium WorkshopMediterranean Products in the WTO Trade Negotiations and Trade
Disputes and in Regional Trade Agreements
Fumiko Yamazaki & Mechel S. Paggi*
Montpellier, France26, June, 2006
•Fumiko Yamazaki, Senior Research Economist and Mechel S. Paggi, Director Center for Agricultural Business, California State University, Fresno
•Overview of U.S. Regional and Bi-Lateral Trade Agreements•Time Horizons and Why (Perhaps?)•Process for Selecting FTA Candidates
Part 1
Australia ‘04
Bahrain ‘04CAFTA-DR ‘04
Chile ‘04
FTAA ‘?
Morocco ‘04
Southern African Customs Union ‘05
Singapore ‘03
Jordan ‘03
U.S. Regional and Bilateral Trade Agreements
NAFTA ‘94Israel ‘85
CUSTA, ‘89
Peru FTA ’05, Columbia, Bolivia, Ecuador: Andean Trade Promotion Agreement
Panama ‘05
Thailand ‘05
•“Competitive Liberalization” 2001•Doha Drags On
•TPA Expiration 2007
Fast Track Lapses
Trade Agreements Approved under Fast Track
Tokyo Round GATT Agreements—1979
U.S.-Israel FTA—1985
U.S.-Canada FTA—1988
North American Free Trade Agreements—1993
Uruguay Round WTO Agreements—1994
Trade Agreements in the Interim Period
Jordan FTA - 2000
Trade Agreements Initiated Under Trade Promotion Authority
Australia FTA
Chile FTA
Bahrain FTA
Andean Trade Promotion: Peru, Columbia, Ecuador, Bolivia
CAFTA- DR: Costa Rica, Guatemala, Honduras, Nicaragua El Salvador & Dominican Republic
Malaysia FTA
Morocco FTA
Oman FTA
Panama FTA
Republic of Korea FTA
Singapore FTA *
Thailand FTA
United Arab Emirates FTA
Southern African Customs Union FTA: Botswana, Lesotho, Namibia, South Africa & Swaziland
FTAA ?
14 Agreements26 Countries
Agriculture 1 Voice in the Room, Similar General Trade Policy Discussions
• Country readiness. Country readiness involves the country’s politicalwill, trade capabilities, and rule of law systems.
• Economic/Commercial benefit. The interagency group reviews the likely economic benefit to the United States.
• Benefits to the broader trade liberalization strategy. This factor relates to the prospective FTA partner’s overall support for U.S. trade goals.
• Compatibility with U.S. interests. A potential FTA partner is examinedfor its compatibility with broad U.S. interests, including its support forU.S. foreign policy positions.
• Congressional/Private-sector support. the extentto which a particular FTA selection has garnered support from theCongress, business groups, and civil society.
• U.S. government resource constraints. This factor focuses primarily onconstraints at USTR—what regional office is available to lead thenegotiation, what staff are available, etc.
Six Selection Criteria Guides for a Potential FTA Partner
Keeping Up With the Jones's : Trade Preference Parity*
Chile
* See CAFTA Report for Detail Analysis of Effects
Part 2
• Basics of Mediterranean Products Trade
•U.S. Trade in Mediterranean Products & Links to FTAs
Trade by FTA CategoryCountry Specific TradeProduct Mix & Suppliers
Figure 1 World Imports of Mediterranean Products by Major Countries: 2004
Belgium4%
ROW30%
Russian Federation2%
Canada4%
Japan5%
Netherlands5%
Italy6%
France6%
Germany12%
United Kingdom12%
USA14%
Figure 2 World Exports of Mediterranean Products by Major Countries: 2004
Mexico2%
Germany2%
Belgium2%
South Africa2%
Netherlands4%
Turkey4%
USA9%
France13%
Italy14%
Spain18%ROW
30%
U.S Trade Agreement Negotiation Status Categories
FTA-E Agreement is Already Implemented Israel, NAFTA, Jordon, Singapore, Australia, Chile Morocco and CAFTA-DR (El Salvador, Honduras and Nicaragua)
FTA-S Negotiations Completed Bahrain, Oman, Columbia, Peru, CAFTA-DR (Costa Rica Dominican Republic and Guatemala)
FTA-N Negotiations are underway FTAA Countries nes, SACU Countries, Ecuador, Thailand UAE, Republic of Korea, Panama and Malaysia