IDEAS home Printed from https://ideas.repec.org/h/izm/prcdng/200817.html
   My bibliography  Save this book chapter

Multilateralism or Bilateralism: Trade Policy of the EU in the Age of Free Trade Agreements

In: Proceedings of the Conference on Emerging Economic Issues in a Globalizing World

Author

Listed:
  • Sevil Acar

    (Istanbul Technical University)

  • Mahmut Tekçe

    (Marmara University)

Abstract

Until 2006, trade policy of the European Union (EU) had mainly been focused on multilateralism embraced by the Doha Development Agenda (DDA). Meanwhile, the EU maintained an effective suspension on the opening of bilateral or regional negotiations where their increasing number was considered a ‘spaghetti bowl’ that creates problems for the international trading system. However, the suspension of the DDA negotiations in July 2006 forced the EU to reveal a new trade policy with the motto of “rejection of protectionism at home, accompanied by activism in creating open markets and fair conditions for trade abroad” which focuses on the removal of tariff and non-tariff barriers to trade of goods and services. Consequently, the EU gave pace to signing FTAs with its significant trade partners. This new trade strategy based on increasing FTAs and thus on bilateralism, which aims at the highest possible degree of trade, investment, and services liberalization, targets regulatory convergence and the abolishment of non-tariff barriers beside stronger provisions on intellectual property rights and competition. This paper discusses whether the new trade strategy of the EU leads to a distraction of the EU’s trade policy focus from multilateralism to bilateralism or it still remains committed to the WTO.

Suggested Citation

  • Sevil Acar & Mahmut Tekçe, 2008. "Multilateralism or Bilateralism: Trade Policy of the EU in the Age of Free Trade Agreements," Papers of the Annual IUE-SUNY Cortland Conference in Economics, in: Oguz Esen & Ayla Ogus (ed.), Proceedings of the Conference on Emerging Economic Issues in a Globalizing World, pages 272-284, Izmir University of Economics.
    • Handle: RePEc:izm:prcdng:200817
    as

    Download full text from publisher

    File URL: http://eco.ieu.edu.tr/wp-content/proceedings/2008/0817.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kim, Duk-ki, 2005. "A Korean perspective," Marine Policy, Elsevier, vol. 29(2), pages 157-161, March.
    2. Botezatu, Elena, 2007. "EU – ASEAN free trade area: regional cooperation for global competitiveness," MPRA Paper 4946, University Library of Munich, Germany.
    3. Charles Harvie & Hyun-Hoon Lee & Junggun Oh (ed.), 2004. "The Korean Economy," Books, Edward Elgar Publishing, number 2969.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Harvie, Charles, 2004. "The Australia-Korea Economic Relationship and Prospects for an FTA," Economics Working Papers wp04-19, School of Economics, University of Wollongong, NSW, Australia.
    2. Wasim Shahid Malik, 2007. "Monetary Policy Objectives in Pakistan: An Empirical Investigation," PIDE-Working Papers 2007:35, Pakistan Institute of Development Economics.
    3. In Jun & Peter Sheldon, 2006. "Looking beyond the West? The Korea Employers' Federation and the Challenges of Membership Adhesion and Cohesion," The Economic and Labour Relations Review, , vol. 17(1), pages 203-225, September.
    4. ., 2010. "Reforms of the Labour Market and Industrial Relations," Chapters, in: The Korean Economy in Transition, chapter 11, Edward Elgar Publishing.
    5. Antonis Vlassopoulos & Konstantina Filippou & Aleks Pepa & Olga Malisova & Dimitra Xenaki & Maria Kapsokefalou, 2020. "Healthy Diet Assistance for the Most Deprived in Post-Crisis Greece: An Evaluation of the State Food Provision Program," Sustainability, MDPI, vol. 13(1), pages 1-14, December.
    6. Deniz Erdemlioglu & Sébastien Laurent & Christopher J. Neely, 2013. "Econometric modeling of exchange rate volatility and jumps," Chapters, in: Adrian R. Bell & Chris Brooks & Marcel Prokopczuk (ed.), Handbook of Research Methods and Applications in Empirical Finance, chapter 16, pages 373-427, Edward Elgar Publishing.
    7. Shotar, M.M. & El-Mefleh, M.A., 2009. "Economic Exposure To Exchange Rates In Jordan Companies: A Monthly Econometric Model Of The Rate Of Return Of Firms, 2004-2007," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(1).
    8. Guido Sandleris & Mark L. J. Wright, 2014. "The Costs of Financial Crises: Resource Misallocation, Productivity, and Welfare in the 2001 Argentine Crisis," Scandinavian Journal of Economics, Wiley Blackwell, vol. 116(1), pages 87-127, January.
    9. Evelyn S. Devadason & Shujaat Mubarik, 2020. "ASEAN and the EU: an assessment of interregional trade potentials," International Economics and Economic Policy, Springer, vol. 17(3), pages 705-726, July.
    10. Sánchez, Marcelo, 2009. "Characterising the inflation targeting regime in South Korea," Working Paper Series 1004, European Central Bank.
    11. Kim, Kyoochul, 2018. "The Quantitative Growth in North Korea's Trade: Is it Enough?," KDI Focus 93, Korea Development Institute (KDI).
    12. Kim, John Moo, 2005. "Sustainable Farm Development in the Republic of Korea in a Global Economy," 15th Congress, Campinas SP, Brazil, August 14-19, 2005 24296, International Farm Management Association.
    13. Hyung Min Kim, 2017. "Ethnic connections, foreign housing investment and locality: a case study of Seoul," European Journal of Housing Policy, Taylor and Francis Journals, vol. 17(1), pages 120-144, January.
    14. ., 2010. "Korea's Trade Policy in Transition," Chapters, in: The Korean Economy in Transition, chapter 5, Edward Elgar Publishing.
    15. Shesadri Banerjee, 2013. "Inflation Volatility and Activism of Monetary Policy," CEGAP Working Papers 2013_06, Durham University Business School.
    16. Harvie, Charles & Lee, Hyun-Hoon, 2005. "Korea's Fading Economic Miracle 1990-97," Economics Working Papers wp05-09, School of Economics, University of Wollongong, NSW, Australia.
    17. Hongshik Lee & Joonhyung Lee, 2015. "The impact of offshoring on temporary workers: evidence on wages from South Korea," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 151(3), pages 555-587, August.
    18. ., 2010. "Korea's Economic Policy in Transition: Evolution, Assessment and Future Direction," Chapters, in: The Korean Economy in Transition, chapter 1, Edward Elgar Publishing.
    19. Hong, Yoo Soo, 2010. "Private-public alliances for export development: the Korean case," Comercio Internacional 4333, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    20. Belghitar, Yacine & Clark, Ephraim & Mefteh, Salma, 2013. "Foreign currency derivative use and shareholder value," International Review of Financial Analysis, Elsevier, vol. 29(C), pages 283-293.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:izm:prcdng:200817. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ayla Ogus Binatli (email available below). General contact details of provider: https://edirc.repec.org/data/deieutr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.