Finding the right balance across EU FTAs: benefits and risks for EU economic sectors
Globally, anti-trade sentiment is on the rise, meaning it is incumbent upon policymakers to explore and explain the benefits of free and open trade. This study examines the costs and benefits of various free trade agreements (FTAs) that the EU has completed, will complete, or is contemplating. With regard to completed FTAs, the EU has seen benefits in terms of consumer choice but has a much larger and positive impact on its partners (although not as much as ex-ante modelling would suggest). For forthcoming or contemplated FTAs, the issue of non-tariff barriers must be considered for FTAs with developed economies to be a success, while comprehensive liberalisation with emerging markets improves trade and other outcomes for both the EU and its partner. Across all FTAs, trade and economic metrics are improved by an agreement while indirect effects (human rights, environment) are less likely to change. We conclude that the EU must continue its focus on comprehensive liberalisation, incorporating NTBs effectively into new agreements, while tempering expectations of influence on human rights.
Estudio
Autor externo
Christopher HARTWELL, Veronika MOVCHAN
Acerca de este documento
Tipo de publicación
Ámbito político
Palabra clave
- acuerdo comercial (UE)
- Acuerdo de Asociación (UE)
- Acuerdo de Cooperación (UE)
- acuerdo de libre comercio
- América
- América Central
- Asia-Oceanía
- Canadá
- Colombia
- comercio internacional
- comercio internacional
- construcción europea
- Corea del Sur
- GEOGRAFÍA
- geografía económica
- geografía política
- Indonesia
- intercambio comercial
- intercambios económicos
- INTERCAMBIOS ECONÓMICOS Y COMERCIALES
- Japón
- Mercosur
- México
- negociación de acuerdo (UE)
- organizaciones extraeuropeas
- ORGANIZACIONES INTERNACIONALES
- Perú
- política comercial
- política comercial común
- UNIÓN EUROPEA
- Vietnam