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GTAP Resource #2003

"Trade Liberalisation: What exactly does it mean for Lesotho?"
by Sandrey, Ron, Adelaide Matlanyane and David Maleleka

Lesotho is a small open economy that as a member of the world’s oldest Customs Union and therefore no trade policy per se. It is relying on revenues from the SACU Customs for over half of its government revenues while effectively having duty-free access into both the EU and US. It is the best example in Africa of a country that has very little to gain from tariff preferences itself but faces an enormous down-side in the way of preference erosion and tariff revenue losses.

Specifically we address the questions of:
- What are the likely aggregate gains from trade liberalisation to South and Southern Africa?
- From where will these gains derive?
- What are the actual tariff revenue losses to SADC and therefore Lesotho?
- Based upon these losses, what will be the impact upon Lesotho’s economy?

To achieve this we examine the actual SACU import data and the impacts upon tariff revenues, both now and in the future, from trade liberalisation. We then feed these revenue losses into a macroeconomic model of the Lesotho economy to trace the GDP impacts.

Resource Details (Export Citation) GTAP Keywords
Category: 2006 Conference Paper
Status: Published
By/In: Presented at the 9th Annual Conference on Global Economic Analysis, Addis Ababa, Ethiopia
Created: Sandrey, R. (4/28/2006)
Updated: Batta, G. (5/16/2006)
Visits: 2,951
No keywords have been specified.

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