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The Euro-Med FTA and an Agro-Food Deal: Potential Impacts in Greece

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  • Kitou, Elisavet
  • Philippidis, George

Abstract

We employ a heavily modified ‘agricultural’ variant of the GTAP model and a realistic baseline scenario to assess the impact on the Greek economy from a hypothetical ‘hub and spoke’ and a ‘FTA’ EUMED agro-food and fisheries trade agreement. Long run estimates show that Greek agro-food and fisheries sectors are not seriously affected, where surprisingly, trade diversionary losses to Greece from the FTA scenario are minor given minimal south-south trade links between Mediterranean Partner Countries (MPC). Further research shows that under complete CAP decoupling, notable additional welfare gains for MPC are realised, whilst Greece stands to lose approximately €300 million.

Suggested Citation

  • Kitou, Elisavet & Philippidis, George, 2008. "The Euro-Med FTA and an Agro-Food Deal: Potential Impacts in Greece," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44333, European Association of Agricultural Economists.
  • Handle: RePEc:ags:eaae08:44333
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    File URL: http://purl.umn.edu/44333
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    References listed on IDEAS

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    1. Huff, Karen & Thomas W. Hertel, 2001. "Decomposing Welfare Changes in GTAP," GTAP Technical Papers 308, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
    2. Keeney, Roman & Thomas Hertel, 2005. "GTAP-AGR : A Framework for Assessing the Implications of Multilateral Changes in Agricultural Policies," GTAP Technical Papers 1869, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
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    Keywords

    Barcelona Declaration; Computable General Equilibrium (CGE); Global Trade Analysis Project (GTAP); International Relations/Trade;

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