Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorSiebert, Horsten_US
dc.contributor.authorLanghammer, Rolf J.en_US
dc.contributor.authorPiazolo, Danielen_US
dc.description.abstractThis paper analyses the prospects and problems of a Transatlantic Free Trade Area(TAFTA) between the European Union and the United States. Possible economicreasons for the proposal of TAFFA such as the intensity of bilateral trade and a stronginterdependence in investment flows and the similarity of the EU and the US in theirfactor endowment and tariff structure are examined.There are cases shining favourably on the idea, but the implementation of TAFTA willimply substantial costs due to the internal and external consequences. The mainproblem of a free trade area between the two most important economic blocs is theimpact on the multilateral approach of trade liberalisation.The authors suggest a Transatlantic Liberalisation Initiative (TALI) as an alternative toTAFTA. Under TALI, the EU and the US should accelerate their implementation oftheir Uruguay Round commitments and liberalise in areas that are not yet covered byWTO agreements. This should be done under the Most-Favoured Nation clause andwould be a strong motivating force for multilateral liberalisation. In addition, TALIcould be a forerunner in reducing market segmentation and in establishing a semiinternalmarket between Europe and America.-
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen_US
dc.relation.ispartofseries|aKiel Working Paper |x720en_US
dc.subject.keywordTransatlantic Free Trade Area-
dc.subject.keywordregional integration-
dc.subject.keywordEuropean Union-
dc.subject.keywordmultilateral liberalisation-
dc.subject.keywordUnited States-
dc.titleTAFTA: fuelling trade discrimination or global liberalisation?en_US
dc.typeWorking Paperen_US

Files in This Item:
502.49 kB

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