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      Gains from Varieties: Analysis of the Benefits of Trade Agreements in South America

      Working paper by Orlando Monteiro da Silva; Jacqueline Silva Batista, 2015

      Categories: Regional and Bilateral Trade Agreements, VI Members Research

      This study analyzes the gains from imports and the contribution of Regional Trade Agreements to these gains in South America from 1995 to 2011. The results showed that there was a substantial increase in varieties of imported products and that smaller countries had benefited more from falling prices. Openness to international trade and participation in bilateral and regional trade agreements are the major factors leading to gains from importing varieties.