Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128241
Authors: 
Dabrowski, Marek
Taran, Svitlana
Year of Publication: 
2012
Series/Report no.: 
CASE Network Studies & Analyses 437
Abstract: 
The idea of a Deep and Comprehensive Free Trade Agreement goes beyond the traditional concept of trade liberalization and, apart from the elimination of tariffs in trade of goods, it also includes the reduction/ removal of non-tariff barriers, the liberalization of the investment regime, the liberalization of trade in services, and the far-reaching harmonization/ mutual recognition of various trade and investment-related regulations and institutions. The economic literature, CGE modeling exercises and the practical experience of "deep" trade integration suggest a substantial potential for the future EU-Ukraine DCFTA in promoting trade and investments, creating additional welfare and employment, regulatory and institutional harmonization with EU's acquis, and modernizing Ukraine's economy. While beneficial for both sides, the potential gains (but also potential adjustment costs) are greater for Ukraine as it is the smaller partner with higher initial trade barriers. However, the DCFTA does not include an automatic guarantee of success. Very much depends on the political will and administrative capacity to implement all of its provisions in a timely and accurate manner. This is a serious challenge for Ukraine, which has a mixed record in reforming its economy and state and which is still struggling to fulfill all of its commitments undertaken during the WTO accession process.
Subjects: 
Trade
Investment
Deep and comprehensive free trade agreement
European Union
Ukraine
Business climate
JEL: 
F13
F14
F15
ISBN: 
978-83-7178-561-0
Document Type: 
Research Report

Files in This Item:
File
Size
283.78 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.