Why a Marketplace Must Not Discriminate: The Case against a US-EU free Trade Agreement
The paper discusses the pros and cons of a Transatlantic free trade area (TAFTA) against the concept of an informal trade-facilitating marketplace between Europe and the US. It finds considerably more cons expecially since TAFTA would be expected to have ever more discriminatory effects to the detriment of dynamic non-member economies mainly in Asia but also in food-exporting regions. Efficiency-enhancing effects are argued to be achievable under a marketplace concept which does not separate insiders from outsiders. It is also shown that in foreign direct investment (FDI) and FDI-related service trade TAFTA seems redundant as in recent years bilateral capital and trade flows have proven to be buoyant without preferential treatment
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Open Access Publications from Kiel Institute for the World Economy
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- repec:spo:wpecon:info:hdl:2441/8230 is not listed on IDEAS
- Jeffrey J. Schott & Barbara Oegg, 2001. "Europe and the Americas: Toward a TAFTA-South?," The World Economy, Wiley Blackwell, vol. 24(6), pages 745-759, 06.
- Langhammer, Rolf J. & Piazolo, Daniel & Siebert, Horst, 2002. "Assessing proposals for a transatlantic free trade area," Open Access Publications from Kiel Institute for the World Economy 2769, Kiel Institute for the World Economy (IfW).
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