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EU-Developing Country FTAs: Overview and Analysis. Yale Center for the Study of Globalization, Global Trade and Financial Architecture Research Papers. Available: http://www.ycsg.yale.edu/focus/researchPapers.hml (2005)
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BibTeX
@MISC{Francois05eu-developingcountry,
author = {Joseph F. Francois and Matthew Mcqueen and Ganeshan Wignaraja and Matthew Mcqueen},
title = {EU-Developing Country FTAs: Overview and Analysis. Yale Center for the Study of Globalization, Global Trade and Financial Architecture Research Papers. Available: http://www.ycsg.yale.edu/focus/researchPapers.hml},
year = {2005}
}
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Abstract
This paper explores the complex structures of recent free trade agreements (FTAs) between the EU and developing countries, surveys the main factors determining their economic effects, and presents quantitative simulations of the effects of these agreements. Limitations of product coverage substantially reduce the potential benefits of the agreements compared to full bilateral free trade, while only the Mexico, Chile and Turkey agreements have trade related commitments which are wider and deeper than the preferential reduction in tariffs. In the case of Egypt, existing levels of protection mean that it is moving to regional free trade with many domestic distortions still in place, producing a significant loss for the Egyptian economy.
Keyphrases
edu focus researchpapers eu-developing country ftas yale center financial architecture research paper global trade present quantitative simulation product coverage potential benefit preferential reduction protection mean complex structure significant loss economic effect main factor turkey agreement many domestic distortion recent free trade agreement egyptian economy full bilateral free trade regional free trade
