@article{Medrano_1997, title={On the theory of customs union and tariff policy}, volume={12}, url={https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/249}, DOI={10.24201/ee.v12i1.249}, abstractNote={<p>This paper studies the changes in optimal tariffs on goods from the rest of the world due to the signing of a free trade agreement and the build up of a custom union. It shows that a trade agreement that reduces or eliminates tariffs between member countries, gives them the incentives to reduce tariffs on goods from the rest of the world regardless of the existence of a custom union in an agreement. It also shows that tariffs reduction is greater when the agreement does not contemplate a custom union.</p>}, number={1}, journal={Estudios Económicos de El Colegio de México}, author={Medrano, Leonardo}, year={1997}, month={Jan.}, pages={53–65} }