Arbeitspapier
Why a market place must not discriminate: The case against a US-EU free trade agreement
The paper discusses the pros and cons of a Transatlantic free trade area (TAFTA) against the concept of an informal trade-facilitating marketplace between Europe and the US. It finds considerably more cons expecially since TAFTA would be expected to have ever more discriminatory effects to the detriment of dynamic non-member economies mainly in Asia but also in food-exporting regions. Efficiency-enhancing effects are argued to be achievable under a marketplace concept which does not separate insiders from outsiders. It is also shown that in foreign direct investment (FDI) and FDI-related service trade TAFTA seems redundant as in recent years bilateral capital and trade flows have proven to be buoyant without preferential treatment.
- Language
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Englisch
- Bibliographic citation
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Series: Kiel Working Paper ; No. 1407
- Classification
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Wirtschaft
Trade Policy; International Trade Organizations
Economic Integration
- Subject
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Multilateral trade policy
Free trade area
Regional trading arrangement
Handelsregionalismus
Außenhandelsliberalisierung
Freihandelszone
Europa
USA
- Event
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Geistige Schöpfung
- (who)
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Langhammer, Rolf J.
- Event
-
Veröffentlichung
- (who)
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Kiel Institute for the World Economy (IfW)
- (where)
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Kiel
- (when)
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2008
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Langhammer, Rolf J.
- Kiel Institute for the World Economy (IfW)
Time of origin
- 2008