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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/4240
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| Title: | | Why a market place must not discriminate: The case against a US-EU free trade agreement  |
| 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 |
| JEL: | | F13 F15 |
| Data set: | | http://hdl.handle.net/1902.1/13951 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kieler Arbeitspapiere, IfW
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