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Title:Why a market place must not discriminate: The case against a US-EU free trade agreement PDF Logo
Authors:Langhammer, Rolf J.
Issue Date:2008
Series/Report no.:Kieler Arbeitspapiere 1407
Abstract: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.
Subjects:Regional trading arrangement
Multilateral trade policy
Free trade area
Data set:
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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