Mexican unilateral trade liberalization in the middle of a global economic crisis
研究了2008年全球经济危机中墨西哥政府单边削减最惠国关税的政策,分析了其贸易自由化阶段及高关税对竞争力的负面影响,并初步估算了关税取消第一年对进口的影响。
Facing the global economic crisis, in October 2008 the Mexican government announced the ‘Programme to Promote Growth and Employment’ consisting of five steps. One of them resulted in an ambitious unilateral effort to reduce most-favoured nation tariffs. The unilateral liberalization decision emerged as a measure to encourage growth, at a time of global economic crisis. This policy is based on the wide margin of action that the government of Mexico has in improving its foreign trade regulation. This paper reviews the logic of the implementation of tariff dismantling by a developing economy such as Mexico. It analyses the Mexican trade liberalization phases and explains the negative impact on the Mexican economy’s competitiveness of high import tariffs with non-preferential trade partners. Finally, this paper presents preliminary estimates of the impact that the phase-out of Mexican tariffs had on imports during its first year of implementation. Copyright 2012, Oxford University Press.