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dc.contributor.authorSiebert, Horsten
dc.contributor.authorLanghammer, Rolf J.en
dc.contributor.authorPiazolo, Danielen
dc.date.accessioned2009-01-28T14:27:30Z-
dc.date.available2009-01-28T14:27:30Z-
dc.date.issued1996-
dc.identifier.citation|nInstitut für Weltwirtschaft (IfW) |lKiel |y1996en
dc.identifier.urihttp://hdl.handle.net/10419/869-
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 economic reasons for the proposal of TAFFA such as the intensity of bilateral trade and a strong interdependence in investment flows and the similarity of the EU and the US in their factor endowment and tariff structure are examined. There are cases shining favourably on the idea, but the implementation of TAFTA will imply substantial costs due to the internal and external consequences. The main problem of a free trade area between the two most important economic blocs is the impact on the multilateral approach of trade liberalisation. The authors suggest a Transatlantic Liberalisation Initiative (TALI) as an alternative to TAFTA. Under TALI, the EU and the US should accelerate their implementation of their Uruguay Round commitments and liberalise in areas that are not yet covered by WTO agreements. This should be done under the Most-Favoured Nation clause and would be a strong motivating force for multilateral liberalisation. In addition, TALI could be a forerunner in reducing market segmentation and in establishing a semiinternal market between Europe and America.en
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x720en
dc.subject.jelF15en
dc.subject.ddc330en
dc.subject.keywordTransatlantic Free Trade Areaen
dc.subject.keywordregional integrationen
dc.subject.keywordEuropean Unionen
dc.subject.keywordmultilateral liberalisationen
dc.subject.keywordUnited Statesen
dc.titleTAFTA: fuelling trade discrimination or global liberalisation?-
dc.typeWorking Paperen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:720en
dc.identifier.printppn193325942en
dc.date.issuedonline2009en
dc.publisher.online|aZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |cKiel, Hamburgen
econstor.documentversionDigitized Versionen
econstor.citation.publisherInstitut für Weltwirtschaft (IfW)en
econstor.citation.publisherplaceKielen
econstor.citation.year1996en

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