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Effects Of A Deeper Central European Free Trade Agreement
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Book Synopsis Effects of a Deeper Central European Free Trade Agreement by : Alen Mulabdic
Download or read book Effects of a Deeper Central European Free Trade Agreement written by Alen Mulabdic and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the economic effects of 'deepening' the Central European Free Trade Agreement (CEFTA). It combines new information on the content of trade agreements with gravity model estimates of the impact of deep trade agreements, agreements that go beyond the elimination of tariffs and other border restrictions. The analysis suggests that CEFTA is a relatively shallow trade agreement as it covers mostly policy areas under the current WTO mandate. The estimated trade impacts of CEFTA on member countries are relatively modest, varying between 0.02 and 7.4 percent. CEFTA's members would gain from simultaneously deepening their integration reciprocally and vis-a-vis the EU. In particular, a trade agreement with the EU similar to the EU-Norway agreement could increase total exports by CEFTA members between 4 and 27 percent.
Book Synopsis Handbook of Deep Trade Agreements by : Aaditya Mattoo
Download or read book Handbook of Deep Trade Agreements written by Aaditya Mattoo and published by World Bank Publications. This book was released on 2020-09-23 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deep trade agreements (DTAs) cover not just trade but additional policy areas, such as international flows of investment and labor and the protection of intellectual property rights and the environment. Their goal is integration beyond trade or deep integration. These agreements matter for economic development. Their rules influence how countries (and hence, the people and firms that live and operate within them) transact, invest, work, and ultimately, develop. Trade and investment regimes determine the extent of economic integration, competition rules affect economic efficiency, intellectual property rights matter for innovation, and environmental and labor rules contribute to environmental and social outcomes. This Handbook provides the tools and data needed to analyze these new dimensions of integration and to assess the content and consequences of DTAs. The Handbook and the accompanying database are the result of collaboration between experts in different policy areas from academia and other international organizations, including the International Trade Centre (ITC), Organisation for Economic Co-operation and Development (OECD), United Nations Conference on Trade and Development (UNCTAD), and World Trade Organization (WTO).
Book Synopsis Deep Integration, Nondiscrimination, and Euro-Mediterranean Free Trade by : Bernard M. Hoekman
Download or read book Deep Integration, Nondiscrimination, and Euro-Mediterranean Free Trade written by Bernard M. Hoekman and published by World Bank Publications. This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: May 1999 - Preferential trade agreements that are limited to the elimination of tariffs for merchandise trade flows are of limited value at best and may be as easily welfare-reducing as welfare-enhancing. It is important that preferential trade agreements go beyond eliminating tariffs and quotas to eliminating regulatory and red tape costs and opening up service markets to foreign competition. Deep integration-explicit government actions to reduce the market-segmenting effect of domestic regulatory policies through coordination and cooperation-is becoming a major dimension of some regional integration agreements, led by the European Union. Health and safety regulations, competition laws, licensing and certification regimes, and administrative procedures such as customs clearance can affect trade (in ways analogous to nontariff barriers) even though their underlying intent may not be to discriminate against foreign suppliers of goods and services. Whether preferential trade agreements (PTAs) can be justified in a multilateral trading system depends on the extent to which formal intergovernmental agreements are technically necessary to achieve the deep integration needed to make markets more contestable. The more need for formal cooperation, the stronger the case for regional integration. Whether PTAs are justified regionally also depends on whether efforts to reduce market segmentation are applied on a nondiscriminatory basis. If innovations to reduce transaction or market access costs extend to both members and nonmembers of a PTA, regionalism as an instrument of trade and investment becomes more attractive. Using a standard competitive general equilibrium model of the Egyptian economy, Hoekman and Konan find that the static welfare impact of a deep free trade agreement is far greater than the impact that can be expected from a classic shallow agreement. Under some scenarios, welfare may increase by more than 10 percent of GDP, compared with close to zero under a shallow agreement. Given Egypt's highly diversified trading patterns, a shallow PTA with the European Union could be merely diversionary, leading to a small decline in welfare. Egypt already has duty-free access to the European Union for manufactures, so the loss in tariff revenues incurred would outweigh any new trade created. Large gains in welfare from the PTA are conditional on eliminating regulatory barriers and red tape-in which case welfare gains may be substantial: 4 to 20 percent growth in real GNP. This paper-a product of the Development Research Group-is part of a larger effort in the group to analyze regional integration agreements. The authors may be contacted at bhoekman@@worldbank.org or konan@@hawaii.edu.
Book Synopsis Innocent Bystanders by : L. Alan Winters
Download or read book Innocent Bystanders written by L. Alan Winters and published by Commonwealth Secretariat. This book was released on 2009 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers the implications of the proposed EU-India Free Trade Agreement for other, excluded countries, throwing light on the general question whether the EU initiative to promote Free Trade Agreements is positive or not for those trading partners excluded from each one.
Book Synopsis A Simple Method to Quantify the Ex-Ante Effects of "Deep" Trade Liberalization and "Hard" Trade Protection by : Mario Larch
Download or read book A Simple Method to Quantify the Ex-Ante Effects of "Deep" Trade Liberalization and "Hard" Trade Protection written by Mario Larch and published by . This book was released on with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a simple and flexible econometric approach to quantify ex-ante the "deep” impact of trade liberalization and the "hard” effects of protection with the empirical structural gravity model. Specifically, the paper argues that the difference between the estimates of border indicator variables for affected and non-affected countries can be used as a comprehensive measure of the change in bilateral trade costs in response to a hypothetical policy change. To demonstrate the effectiveness of these methods, the paper focus on the integration between the countries from the Central European Free Trade Agreement (CEFTA) and the European Union (EU), which is an important policy application that has not been studied before due to lack of data. This analysis overcomes this challenge by utilizing a new dataset on trade and production that covers all EU countries and all CEFTA members (except for Kosovo). The partial equilibrium estimates that we obtain confirm the validity of our methods, while the corresponding general equilibrium effects point to significant and heterogeneous potential gains for the CEFTA countries from joining the EU. The proposed methods can also be extended to ex-post analysis and are readily applicable to other applications, for example, "hard” Brexit.
Book Synopsis Methodology for Impact Assessment of Free Trade Agreements by : Michael G. Plummer
Download or read book Methodology for Impact Assessment of Free Trade Agreements written by Michael G. Plummer and published by Asian Development Bank. This book was released on 2011-02-01 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication displays the menu for choice of available methods to evaluate the impact of Free Trade Agreements (FTAs). It caters mainly to policy makers from developing countries and aims to equip them with some economic knowledge and techniques that will enable them to conduct their own economic evaluation studies on existing or future FTAs, or to critically re-examine the results of impact assessment studies conducted by others, at the very least.
Book Synopsis The EU-Ukraine Association Agreement and Deep and Comprehensive Free Trade Area by : Guillaume Van der Loo
Download or read book The EU-Ukraine Association Agreement and Deep and Comprehensive Free Trade Area written by Guillaume Van der Loo and published by BRILL. This book was released on 2016-01-19 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The EU-Ukraine Association Agreement and Deep and Comprehensive Free Trade Area, Guillaume Van der Loo provides the first comprehensive legal analysis of this complex and controversial international agreement. While key political and legal hurdles towards the signing and conclusion of this agreement are analysed, its scope and contents are scrutinised and contrasted to other international agreements concluded by the EU. Specific attention is devoted to the ambitious “deep and comprehensive free trade area” and the unique provisions related to Ukraine’s approximation to the EU acquis. In particular, this book explores to what extent the agreement can be considered a new legal instrument for ‘EU integration without membership’.
Book Synopsis A Deeper Free Trade Area and Its Potential Economic Impact by : Alfred Tovias
Download or read book A Deeper Free Trade Area and Its Potential Economic Impact written by Alfred Tovias and published by . This book was released on 2010 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the last of a series of ten papers jointly published by the European Institute of the Mediterranean (IEMed) and the European Union Institute for Security Studies (EUISS) which aim to address ten critical topics for Euro-Mediterranean relations. The papers have been commissioned with a view to formulating policy options on a set of issues which are central to achieving the objectives set out in the 1995 Barcelona Declaration and the 2008 Paris Declaration, as well as defining new targets for 2020 in the political, economic and social spheres. This tenth paper focuses on one of the main objectives of Euro-Mediterranean policies: the creation of a Euro-Mediterranean Free Trade Area. The paper analyses the commercial reciprocity between the Euro-Mediterranean partners in agricultural products and trade in services. Professor Alfred Tovias goes further and proposes the creation of a genuine Euro-Mediterranean Free Trade Area and examines the potential effects of a future liberalisation of agricultural products and services, namely the consequences in the labour and migration field. Finally, the author highlights a series of policy recommendations regarding Euro-Mediterranean trade relations.
Book Synopsis Deep and Comprehensive Free Trade Agreements by : Bernard M. Hoekman
Download or read book Deep and Comprehensive Free Trade Agreements written by Bernard M. Hoekman and published by . This book was released on 2016 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews elements of the history of association agreements between the EU and countries that are covered by the European Neighbourhood Policy (ENP). It considers the rationale for negotiation of Deep and Comprehensive Free Trade Areas with neighbouring countries based on research that assesses the design, salience and incentive effects of such agreements. It makes a case that developments in the global economy and the experience with using trade agreements to pursue deeper integration of markets suggest that alternatives to DCFTAs may be more effective instruments for cooperation for both sides. The 2015 review of the ENP creates new opportunities to consider such alternatives. These could span sectoral agreements, more focused efforts targeting specific policy areas that have a significant impact on trade costs, and initiatives that centre on the adoption of international standards and internationally recognized good regulatory practices.
Book Synopsis The Prospect of Deep Free Trade Between the European Union and Ukraine by : Michael Emerson
Download or read book The Prospect of Deep Free Trade Between the European Union and Ukraine written by Michael Emerson and published by CEPS. This book was released on 2006 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the feasibility, content and likely economic impact of a free trade agreement between the European Union and Ukraine. The authors find that a simple and shallow free trade agreement, adding only the elimination of tariffs on trade in goods to the conditions for Ukraine's accession to the WTO, is the most easily feasible option, but would yield only modest benefits for Ukraine and less still for the EU. By contrast, they argue that a deep free trade agreement with the EU, while posing more difficult issues of feasibility, could be a centerpiece of an economic strategy leading Ukraine into rapid growth. Politically, this step would be consistent with Ukraine's European choice and would also be of value to the EU economy in meeting the challenges of globalization and Asian competition. Contributors include T. Huw Edwards (Loughborough University), Ildar Gazizullin, Vira Nanivska, and Olga Shumylo (International Centre for Policy Studies, Kyiv), Daniel Müller-Jentsch (European Commission/World Bank Office for South-East Europe), Matthias Lücke (Kiel Institute for the World Economy), Valeriy Pyatnytskiy (First Deputy Minister of Economy and European Integration, Ukraine), Andreas Schneider (CEPS), Rainer Schweickert (Kiel Institute for the World Economy), and Olexandr Shevtsov (United Nations Development Program, Ukraine).
Book Synopsis Some Economic Effects of the Free Trade Agreement Between Tunesia and the European Union by : Drusilla K. Brown
Download or read book Some Economic Effects of the Free Trade Agreement Between Tunesia and the European Union written by Drusilla K. Brown and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Determinants of FDI in Central and Eastern Europe by : Hanna Makhavikova
Download or read book Determinants of FDI in Central and Eastern Europe written by Hanna Makhavikova and published by Springer. This book was released on 2018-08-17 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a detailed examination of foreign direct investment (FDI) inflows in Central and Eastern Europe (CEE) after closer integration in the European Union. An important facet of European economic integration was the development of a free-trade area in Central and Eastern Europe, which improved market accessibility. However, to date these relations have been little explored theoretically. The book examines foreign investments in different transition countries from both a theoretical and an empirical perspective. It analyzes changes in the choice of location by foreign investors in nineteen CEE countries between 1992 and 2015, and shows that it is linked to the removal of intra-regional trade barriers. The findings suggest that regional integration increases the incentives for multinationals to invest in the participating countries, especially in those with larger markets and lower production costs.
Book Synopsis The Potential Trade Effects of a Free Trade Agreement Between the EU and Russia by : Paul Brenton
Download or read book The Potential Trade Effects of a Free Trade Agreement Between the EU and Russia written by Paul Brenton and published by . This book was released on 1996 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Deep Trade Agreements by : Nadia Rocha
Download or read book Deep Trade Agreements written by Nadia Rocha and published by World Bank Publications. This book was released on 2022-09-13 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globally, greater integration in international trade and global value chains (GVCs) has been linked to increased GDP per capita and productivity. Latin American and Caribbean (LAC) countries have displayed limited trade openness and weak integration into GVCs. Their trade is roughly one-third of GDP on average, compared with one-half in countries in Europe and Central Asia, as well as East Asia and the Pacific—and that share has not grown since 2000. Although the gaps between potential and actual GVC integration are the result of economic fundamentals—such as geography, market size, institutions, and factor endowments—policy choices matter as well. The region has untapped potential in trade and GVCs to grow in the wake of COVID-19 (coronavirus). Deep trade agreements are reciprocal agreements between countries that seek integration of goods, services, and factors’ markets, or deep integration. Drawing on new data and evidence, Deep Trade Agreements: Anchoring Global Value Chains in Latin America and the Caribbean shows that these agreements can drive policy reforms that can help the region overcome some of its disadvantageous fundamentals. Four areas of deep integration—trade facilitation, regulatory cooperation, services, and state support—are priorities to improve the participation of countries in the region in GVC: 1. Facilitating trade can reduce border delays and ease the challenges caused by the remoteness of some countries. 2. Improving regulatory cooperation can help create larger regional markets by reducing the costs of nontariff measures. 3. Opening the service economy can compensate for factor endowment scarcity and facilitate access to skills and technology. 4. Fostering competition and regulating state support and state-owned enterprises can improve the quality of economic institutions. These areas are increasingly important as global trade tensions persist and economies recover from the COVID-19 pandemic. In these times of uncertainty and upheaval, the policy commitments in deep trade agreements can create a more stable institutional environment to promote the ability of countries to participate in GVCs and to reap the benefits of integration. This work is a product of the regional studies program sponsored by the Latin America and the Caribbean Chief Economist’s Office.
Book Synopsis Measuring the Economic Impact of an EU-GCC Free Trade Agreement by : Dean A. DeRosa
Download or read book Measuring the Economic Impact of an EU-GCC Free Trade Agreement written by Dean A. DeRosa and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Potential Benefits of an Australia-EU Free Trade Agreement by : Jane Drake-Brockman
Download or read book Potential Benefits of an Australia-EU Free Trade Agreement written by Jane Drake-Brockman and published by . This book was released on 2018-03 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Industries and Markets in Central and Eastern Europe by : William T. Bagatelas
Download or read book Industries and Markets in Central and Eastern Europe written by William T. Bagatelas and published by Routledge. This book was released on 2017-11-30 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: A combination of rigorous analysis and case material; this book is an essential guide to trade and industry developments in Central and Eastern Europe. Its scope encompasses globalization, the business strategies of MNCs, agriculture, services and the dynamics of innovation. It also considers the trading relationships of these countries with Russia as well as the influence of trade on the democratization of states formerly belonging to the USSR.
