Customs Unions and Free Trade Areas

  • Reference: DARDEN-G-0624-E

  • Number of pages: 5

  • Publication Date: Aug 14, 2009

  • Fecha de edición: Apr 26, 2010

  • Source: Darden University of Virginia (USA)

  • Type of Document: Technical Note

  • Industry Setting: Multiple

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Description

This technical note lays out the welfare analysis of free trade areas and customs unions with trade creation and trade diversion. It also discusses some of their advantages and disadvantages.

Keywords

CU CUs FTA FTAs Protectionism trade liberalization welfare analysis