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Good News on Free Trade Agreements
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Good News on Free Trade Agreements

James Anderson and Yoto Yotov
01 May 2011

Abstract

Economics, International Export-import trade Free trade and protection
Free trade agreements are controversial. While they promote trade between the member countries, they may also divert trade away from non-member countries, potentially reducing welfare. This column provides evidence that, even when trade diversion is taken into account, the overall effects are still strongly positive. Tables, References.

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