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
Englisch

Bibliographic citation
Series: Kiel Working Paper ; No. 1407

Classification
Wirtschaft
Trade Policy; International Trade Organizations
Economic Integration
Subject
Multilateral trade policy
Free trade area
Regional trading arrangement
Handelsregionalismus
Außenhandelsliberalisierung
Freihandelszone
Europa
USA

Event
Geistige Schöpfung
(who)
Langhammer, Rolf J.
Event
Veröffentlichung
(who)
Kiel Institute for the World Economy (IfW)
(where)
Kiel
(when)
2008

Handle
Last update
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

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