The paper discussed Pakistan's experience of 3 phases of trade liberalisation:
1. Unilateral Trade Liberalisation Period (1990-2002)
2. Policy Neutral Period (2003-2005)
3. Trade Policy Mix: From Bilateral and Regional
Liberalisation to Trade Restrictions (2006 onwards).
Some data.
A different definition of unilateral liberalization, "liberalisation from below", good nonetheless. For me, unilateral liberalization means no need for negotiations, just one-way liberalization, that very often builds confidence and reciprocal liberalization by other trade partners. Examples of HK, Singapore, Chile, New Zealand unilateral lib. But I digress.
Good advocacy by PRIME. Unlike in South East Asia though, economies in South Asia including Pakistan, India, Sri Lanka, Nepal, Bangladesh, the pace of liberalization is rather slow. Nonetheless, slow liberalization is better than continued protectionism.
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See also:
Free Trade 57, Growth, IPRI 2015 and the TPP, November 28, 2015
Free Trade 58, TPP and its rabid critics, December 10, 2015
Free Trade 59, TPP membership expansion in SE Asia, January 16, 2016
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