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Sustaining Reform with a US-Pakistan Free Trade Agreement
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- Book details for Sustaining Reform with a US-Pakistan Free Trade Agreement
- Gary Clyde Hufbauer (author), Shahid Javed Burki (author)
- Paperback, 228 x 155 x 17mm , 295 pp
- 15 Oct 2006
- The Peterson Institute for International Economics
- 0881323950
- 9780881323955
The United States and Pakistan established diplomatic relations in 1947, shortly after Pakistan gained its independence. Since then, relations have alternated between episodes of close partnership and sharp friction - reflecting the ups and downs of global and regional geopolitics. The tides of foreign policy have correspondingly affected trade and investment. Post-September 11th diplomacy has now created a strong relationship between Pakistan and the United States. Would a free trade agreement between these two counties benefit them? What type of economic benefits could be expected? This new book looks at this question and many others and concludes that a free trade agreement between the United States and Pakistan would benefit both countries.
Gary Clyde Hufbauer, was formerly the Marcus Wallenberg Professor of International Finance Diplomacy at Georgetown University (1985-92), deputy director of the International Law Institute at Georgetown University (1979-81); deputy assistant secretary for international trade and investment policy of the US Treasury (1977-79); and director of the international tax staff at the Treasury (1974-76). He has written extensively on international trade, investment, and tax issues. He is coauthor of The Shape of a Swiss-US Free Trade Agreement (2006), NAFTA Revisited: Achievements and Challenges (2005), Reforming the US Corporate Tax (2005), Awakening Monster. The Alien Tort Statute of 1789 (2003), The Benefits of Price Covergence (2002) and World Capital Markets (2001), and coeditor of The Ex-Im Bank in the 21st Century (2001), Unfinished Business: Telecommunications after the Uruguay Round (1997) and Flying High: Liberalizing Civil Aviation in the Asia Pacific (1996). He is author of Fundamental Tax Reform and Border Tax Adjustments (1996) and US Taxation of International Income (1992), and co-author of NAFTA: An Assessment (rev. 1993), North American Free Trade (1992), Economic Sanctions Reconsidered (2d ed. 1990), Trade Policy for Troubled Industries (1986), and Subsidies in International Trade (1984).
I. INTRODUCTION; 1. Diplomatic Ups and Downs; 2. The FTA Case; 3. Pakistan's Place in the Queue; 4. Plan of the Report; II. AGRICULTURAL MARKET ACCESS AND LINKED ISSUES; 1. Pakistan's Agricultural Sector and Bilateral Trade; 2. Tariffs, Tariff-Rate Quotas, and Other Barriers; 3. Sanitary and Phyto-Sanitary Measures and Related Technical Issues; 4. Recommendations; III. TEXTILES AND CLOTHING; 1. T&C Production and Bilateral Trade; 2. Bilateral Barriers to T&C Trade; 3. Textiles and Clothing in Previous Bilateral FTAs; 4. Recommendations; IV. OTHER MANUFACTURES; 1. Manufacturing Production and Bilateral Trade; 2. Tariffs and Other Barriers; 3. Recommendations; V. LABOR AND ENVIRONMENTAL ISSUES IN PAKISTAN; 1. Labor Standards in Pakistan; 2. Environmental Standards in Pakistan; 3. Labor and Environment in US FTAs; 4. Recommendations for Labor Provisions in a US-Pakistan FTA; 5. Recommendations for Environmental Provisions in a US-Pakistan FTA; VI. GOVERNMENT PROCUREMENT; 1. Government Procurement: The United States; 2. Government Procurement: Pakistan; 3. Recommendations; VII. INVESTMENT AND SERVICES; 1. FDI Overview and Main Characteristics; 2. FDI Friction; 3. International Investment Agreements; 4. Portfolio Investment; 5. Services; 6. Recommendations for Investment and Services; VIII. ESTIMATES FROM GRAVITY AND CGE MODELS; 1. Gravity Model: Construction and Results; 2. CGE Model: Construction and Results; 3. Summing Up; IX. CONCLUSION.
