Regional integration, triangular trade and policy recommendations: the case of the Brazilian fine chemical industry

Vol. 15 No. 4 (1995)

Oct-Dec / 1995
Published October 1, 1995
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How to Cite

Correa, Paulo Guilherme. 1995. “Regional Integration, Triangular Trade and Policy Recommendations: The Case of the Brazilian Fine Chemical Industry”. Brazilian Journal of Political Economy 15 (4):57-73. https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1256.

Regional integration, triangular trade and policy recommendations: the case of the Brazilian fine chemical industry

Paulo Guilherme Correa
Brazilian Journal of Political Economy, Vol. 15 No. 4 (1995), Oct-Dec / 1995, Pages 57-73

Abstract

This paper examines the occurrence of “triangular trade schemes” in the export of fine chemical products to Brazil from other Mercosul countries between 1989 and 1992 and suggests possible government countermeasures. It is shown that the sudden increase in Brazilian imports of fine chemicals from Uruguay corresponds to a “triangular” trade scheme between both countries and a third party and suggests the adoption of more precise origin rules than those agreed during recent Mercosul negotiations, allowing the gains from integration to accrue mainly to the member countries.

 


Keywords: Mercosur regional integration chemical industry international trade