Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/4240
Authors: 
Langhammer, Rolf J.
Year of Publication: 
2008
Series/Report no.: 
Kiel Working Paper 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: 
Multilateral trade policy
Free trade area
Regional trading arrangement
JEL: 
F13
F15
Document Type: 
Working Paper

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