Harrison, Glenn W.; Rutherford, Thomas F.; Tarr, David G. - In: Applied Trade Policy Modeling in 16 Countries:Insights …
“additive regionalism”—negotiating bilateral free trade agreements with all of its significant trading partners. Taking Chile … trade diversion costs. Due to preferential market access, however, additive regionalism is likely to provide Chile with … gains that are many multiples of the static welfare gains from unilateral free trade. At least one partner country loses …