Deep Integration Nondiscrimination And Euro Mediterranean Free Trade
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Deep Integration Nondiscrimination and Euro Mediterranean Free Trade
Author | : Bernard M. Hoekman,Denise Eby Konan |
Publsiher | : World Bank Publications |
Total Pages | : 44 |
Release | : 1999 |
Genre | : Bilateral Free Trade Agreement |
ISBN | : 9182736450XXX |
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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.
Deep Integration Nondiscrimination and Euro Mediterranean Free Trade
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Author | : Bernard Hoekman |
Publsiher | : Unknown |
Total Pages | : 40 |
Release | : 2016 |
Genre | : Electronic Book |
ISBN | : OCLC:1290706074 |
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Deeper Integration and Trade in Services in the Euro Mediterranean Region
Author | : Daniel Müller-Jentsch |
Publsiher | : World Bank Publications |
Total Pages | : 130 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 082135955X |
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This publication examines the importance of trade in services for the integration of non-EU members into the European Single Market. Further liberalisation is found to be a critical factor to deeper integration with the enlarged EU, which accounts for a quarter of global GDP and foreign direct investment. The planned Euro-Mediterranean free trade area for goods is judged as a positive first step, but additional measures are needed for deeper integration, including liberalisation of services trade. The study gives a detailed assessment of individual sectors, including core services relating to transport, telecommunication, financial markets and electricity, as well other markets such as tourism, IT and distribution services.
Development Centre Studies Regional Integration and Internal Reforms in the Mediterranean Area
Author | : Dessus Sébastien,Suwa Akiko |
Publsiher | : OECD Publishing |
Total Pages | : 140 |
Release | : 2000-07-21 |
Genre | : Electronic Book |
ISBN | : 9789264182240 |
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The authors of this study highlight the opportunities trade liberaliastion agreements offer for supporting reforms to encourage industrial restructuring through financial transfers, providing incentives for producers to diversify, and securing new markets.
Sustainable Development and Adjustment in the Mediterranean Countries Following the EU Enlargement
Author | : Franco Praussello |
Publsiher | : FrancoAngeli |
Total Pages | : 548 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : 8846478061 |
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Regionalism in Europe
Author | : Jürgen von Hagen,Mika Widgren |
Publsiher | : Springer Science & Business Media |
Total Pages | : 267 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9781461516439 |
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Over the past 40 years, the European Union has been a great force of attraction for new members. At the same time it has entered a host of bilateral and multilateral regional agreements with non-member countries. The result of these developments is a rather unique form of regionalism in Europe, consisting of deep integration within the European Union and a network of sometimes overlapping arrangements involving the Union. Regionalism in Europe: Geometries and Strategies After 2000 brings together a collection of studies of the nature and the implications of this unique regionalism in Europe written by a group of renowned economists from various countries. The issues discussed in this book range from theoretical and institutional aspects to empirical studies of the EU's regional policy, the regional implications of European Monetary Union, and empirical studies of the trade and welfare effects of regional arrangements between the EU and other countries.
The Role of the EU in the Promotion of Human Rights and International Labour Standards in Its External Trade Relations
Author | : Samantha Velluti |
Publsiher | : Springer Nature |
Total Pages | : 359 |
Release | : 2020-10-12 |
Genre | : Law |
ISBN | : 9783030567484 |
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This book represents a significant and timely contribution to the copious literature of the EU as a global actor providing new insights and fresh perspectives into the promotion of human rights and international labour standards in the EU’s external trade relations, building on and stimulating further – the already well-engaged – scientific dialogue on this area of research. In particular, it provides the basis for developing a new analytical structure for better understanding the role of the EU in promoting human rights and international labour standards in global trade and, in particular, for assessing the extent to which and how normative considerations have influenced the adoption of EU legal instruments and policy decisions. This book will appeal to research scholars, post-graduate students, practitioners and human rights activists.
Product Market Integration
Author | : Helena Maria Guimaraes,Ana Faria |
Publsiher | : Emerald Group Publishing |
Total Pages | : 199 |
Release | : 2010-08-18 |
Genre | : Business & Economics |
ISBN | : 9781849509862 |
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Addresses the issue of product market integration within the European Union (EU) from a multidisciplinary approach that ranges from economics to political science and sociology. This book assesses the functioning of the EU Internal Market and evaluates the need for differentiated integration in an enlarged and heterogeneous EU.