Search

Begin New Search Topic International Trade and Finance Political Geography Europe

291. Canada and the European Union: Prospects for a Free Trade Agreement

Author:
Selen Sarisoy Guerin and Chris Napoli
Publication Date:
07-2008
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper argues that there are significant potential economic gains to be obtained from an EU-Canada Free Trade Agreement. The evolution of trade between the US and Canada following the signing of CUSFTA in 1989 offers a good illustration of how trade might increase after an EU-Canada FTA, as the patterns and levels of protection between the EU and Canada today are very similar to the protection that existed between the US and Canada in 1989. Although many empirical studies fail to find support for 'trade diversion' created by NAFTA (or CUSFTA) at the expense of the EU and to the benefit of the US, there is some evidence of trade diversion when detailed regional trade is examined. If indeed trade diversion has occurred due to NAFTA, then an EU-Canada FTA is welfare-enhancing for Canada. For the EU, a potential FTA can level the playing field with the US and increase the competitiveness of European firms in the Canadian market.
Topic:
International Trade and Finance and Markets
Political Geography:
United States, Europe, and Canada

292. EU and U.S. Free Trade Agreements in the Middle East and North Africa

Author:
Riad al Khouri
Publication Date:
06-2008
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
The political situation in much of the Middle East and North Africa (MENA) region is subject to persistent tension due to the Arab–Israeli conflict, the war in Iraq and its spillovers to other countries, and sporadic upsurges of terrorism. In addition, some countries face serious domestic political tensions, a lack of political openness, and the increasing popularity of Islamist opposition groups. Economically, fast demographic and labor force expansion has led to high un- employment and slow growth in per capita incomes. Unsustainable management of the environment and natural resources further threatens prospects for long-term economic growth. In this context, increased economic cooperation between the MENA countries, on the one hand, and the United States and the European Union (EU), on the other, aims not only at promoting growth and development but also at fostering more stable political environments.
Topic:
International Trade and Finance and Markets
Political Geography:
United States, Europe, Middle East, Israel, Arabia, and North Africa

293. EU Trade Policy: Approaching a Crossroads

Author:
Roderick Abbott
Publication Date:
07-2008
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
In an important shift, inspired partly by drift in the Doha Round negotiations, the EU announced in 2006 that it would seek new free trade area arrangements with fast-growing economies, particularly in Asia. The plan, which ended a moratorium on the launch of bilateral trade talks, in place since 1996, was billed explicitly as a contribution to the EU's own growth and jobs strategy as well as a market-opening exercise. However, the policy has so far been no more effective than multilateral negotiations in producing concrete results. Negotiations with South Korea and ASEAN have made only slow progress, while the state of talks with India remains unclear. The EU spent most of 2007 renegotiating long-standing agreements with African, Caribbean and Pacific (ACP) countries in an effort to satisfy WTO rules. Meanwhile, the EU's partnership agreements with China and Russia have expired, and appropriate successor arrangements are still being sought. In both cases, a number of important bilateral problems and strains will need to be dealt with. With its various trade negotiations treading water, the EU may need to review its options. One could be a more aggressive pursuit of market access, modelled on the US approach. Alternatively, the EU's traditional preference for multilateral engagement may reassert itself.
Topic:
International Trade and Finance
Political Geography:
Africa, Russia, China, Europe, Asia, South Korea, and Caribbean

294. Thinking About the Future of Food: The Chatham House Food Supply Scenarios

Publication Date:
05-2008
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Demand for food is increasing because the global population is rising and major developing economies are expanding. Global supply capacity, meanwhile, is struggling to keep up with changing requirements. Four global food supply scenarios have been developed by the Chatham House Food Supply Project to consider the challenges created and their impact on the EU/UK: 'Just a Blip': what if the present high price of food proves to be a brief spike with a return to cheap food at some point soon? 'Food Inflation': what if food prices remain high for a decade or more? 'Into a New Era': what if today's food system has reached its limits and must change? 'Food in Crisis': what if a major world food crisis develops? Across the world the responses to change will be conditioned by uncertainties surrounding the availability of sufficient energy, water, land and skills. EU/UK stakeholders need to start planning now to develop new food supply systems that are up to the task.
Topic:
Agriculture, International Trade and Finance, Markets, and Population
Political Geography:
United Kingdom and Europe

295. An EU-Korea Free Trade Area: Playing Catch-Up or Taking the Lead?

Author:
Jim Rollo
Publication Date:
05-2008
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Both Korea and the EU are pursuing free trade areas (FTAs) aggressively as part of their trade policy strategies. Korea is much further down the road. There are strong incentives on both sides to conclude an agreement. However, specific issues and EU's desire to do at least as well as, and preferably better than, the Korea–US FTA may delay or even preclude success. Korea and the EU are not principal suppliers to each other, so while an agreement is predicted to be economically favourable to both sides, the effects are not expected to be very large. Korea has the higher barriers and is expected to make the bigger economic gains. There are sensitive sectors on both sides, notably automobiles for the EU and services and processed foods for Korea. Both sides have important agricultural constituencies to protect. Korea's key role in the East Asian production system suggests that rules of origin could be an area of particular difficulty in the negotiation.
Topic:
Agriculture and International Trade and Finance
Political Geography:
United States, Europe, East Asia, Asia, and South Korea

296. Prospects for an EU-Gulf Cooperation Council Free Trade Area: The World's First Region-to-Region FTA?

Author:
Jim Rollo
Publication Date:
04-2008
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
The EU and the GCC have seemed close to an agreement on a region-to-region Free Trade Agreement (FTA) – possibly the first in the world between customs unions – for the last two years. The EU seems keener on an agreement than the GCC. An FTA is an element in the EU's Global Europe trade policy strategy and is explicitly linked to energy security concerns. The EU is the GCC's main supplier of goods and services, and since the completion of the GCC Customs Union tariffs are low and the economic effects of an FTA are likely to be small, on goods at least. There may be economic barriers to the final signing of an FTA on both sides: resistance by GCC states to services and investment liberalization; and resistance in the EU over access for GCC refinery products and chemicals. Commentary from the Gulf itself suggests that the EU practice of including clauses on human rights and labour market and environmental regulation may be at the heart of the slow progress from the GCC side.
Topic:
Environment, Human Rights, and International Trade and Finance
Political Geography:
Europe, Middle East, and Arabia

297. Germany and Globalization

Author:
Daniel S. Hamilton and Joseph P. Quinlan
Publication Date:
11-2008
Content Type:
Working Paper
Institution:
Center for Transatlantic Relations
Abstract:
Globalization is changing all of our lives as the pace of economic interdependence grows between developed and emerging countries. Debate thrives about whether globalization has been good or bad for European consumers, workers, companies and governments and what are the prospects in the future. In a dynamic and uncertain world currently beset by a global financial crisis and a looming recession can Europe act to take advantage of the opportunities created by globalization and mitigate its challenges?
Topic:
International Relations, Economics, Globalization, and International Trade and Finance
Political Geography:
Europe and Germany

298. France and Globalization

Author:
Daniel S. Hamilton and Joseph P. Quinlan
Publication Date:
06-2008
Content Type:
Working Paper
Institution:
Center for Transatlantic Relations
Abstract:
Globalization is changing all of our lives as the pace of economic interdependence grows between developed and emerging countries. Debate thrives about whether globalization has been good or bad for European consumers, workers, companies and governments and what are the prospects in the future. In a dynamic and uncertain world can Europe act to take advantage of the opportunities created by globalization and mitigate its challenges?
Topic:
Economics, Globalization, International Trade and Finance, and Markets
Political Geography:
America, Europe, and France

299. European Integration and Domestic Regions: A Numerical Simulation Analysis

Author:
Arne Melchior
Publication Date:
12-2008
Content Type:
Working Paper
Institution:
Norwegian Institute of International Affairs
Abstract:
Does European economic integration create more inequality between domestic regions, or is the opposite true? While former research has asked for a general answer to this question, we argue that such a general answer does not exist and that the outcome depends on the liberalisation scenario. In order to examine this, we need models with higher dimensionality where the question is where and not whether there will be spatial agglomeration. For this purpose, the paper develops a numerical simulation model with nine countries and 90 regions in order to examine the impact of European and international integration on the regions. Eastward extension of European integration is beneficial for old as well as new members, but within countries the impact varies along the east-west axis. Reduction in distance-related trade costs is particularly good for the European peripheries. Each liberalisation scenario has a distinct impact on the spatial income distribution, and there is no general rule telling that integration causes more or less agglomeration.
Topic:
International Relations, International Trade and Finance, and Regional Cooperation
Political Geography:
Europe

300. The Internationalization of Firms in the Service Industries: Channels, Determinants and Sectoral Patterns

Author:
Fulvio Castellacci
Publication Date:
12-2008
Content Type:
Working Paper
Institution:
Norwegian Institute of International Affairs
Abstract:
The paper presents the results of a new survey on the international activities of Norwegian enterprises in various service industries. The survey focuses on three main internationalization channels: international sales, international cooperation and R outsourcing. The empirical analysis studies the relevance of these channels, and investigates the related strategies, objectives and determinants. International sales and collaborations emerge as the two most relevant channels, whereas the scope for R outsourcing seems to be far more limited. The analysis of the determinants of international activities suggests three main results: (1) the innovative capability of firms matters for their international performance; (2) the various internationalization channels seem to be complement, rather than substitute, strategies to compete in foreign markets; (3) sectoral specificities greatly affect firms' internationalization strategies and performance.
Topic:
Economics, International Trade and Finance, and Markets
Political Geography:
Europe