Social Sciences
4 years ago

Customs Union Could Boost Canada's Economy More Than Tariff Harmonization

1 view
RePEc: Research Papers in Economics
Toward a North American Customs Union Rules of Origin Liberalization Matters More than a Common External Tariff for Canada
Patrick Georges

Paper Summary

Moving from NAFTA to a Customs Union, removing Rules of Origin has a bigger impact on Canada's GDP and welfare than adopting a common external tariff. This means that liberalizing rules of origin is more important for Canada than having a common external tariff.

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