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Non-Tariff Measures in EU-US Trade and Investment: An Economic Analysis

Author

Listed:
  • Joseph Francois

    (CEPR and Johannes Kepler University Linz)

  • Koen Berden

    (Ecorys, Rotterdam)

  • Saara Tamminen

    (Ecorys, Rotterdam)

  • Martin Thelle

    (Copenhagen Economics)

  • Paul Wymenga

    (Ecorys, Rotterdam)

Abstract

An in-depth discussion on the strategic future of the transatlantic market in trade and investment took place during the EU-US Summit on April 30, 2007. In December 2007 a Study on Non-Tariff Measures in EU-US Trade and Investment launched. The research consortium included IIDE (the Institute for International & Development Economics), Copenhagen Economics, The Trade Partnership, Risk & Policy Analysts (RPA), ICAP, the Danish Technological Institute (DTI), CARIS and IFO. The goal of the study was to shed light on the existence of non-tariff measures (NTMs) and regulatory divergence, the magnitude of this divergence and the potential economic impact of a reduction or harmonisation of these measures. This volume summarizes the main findings of the final report in English, French and German. In particular, it: Summarizes results of economy-wide and sector-specific NTMs and regulatory divergence as well as cross-cutting NTMs; Analyses and estimations regarding the quantitative overall as well as sector-specific effects of NTM alignment for the EU and US economies; Sector-specific effects and ways in which the competitive positions of sectors are affected in the EU and US economies following NTM alignment.

Suggested Citation

  • Joseph Francois & Koen Berden & Saara Tamminen & Martin Thelle & Paul Wymenga, 2013. "Non-Tariff Measures in EU-US Trade and Investment: An Economic Analysis," IIDE Discussion Papers 20090806, Institue for International and Development Economics.
  • Handle: RePEc:lnz:wpaper:20090806
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    File URL: http://www.i4ide.org/content/wpaper/ntm_book_final.pdf
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Key parameters for Brexit forecasts
      by jdingel in Trade Diversion on 2016-07-15 17:51:14

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    Cited by:

    1. Steinberg, Joseph B., 2019. "Brexit and the macroeconomic impact of trade policy uncertainty," Journal of International Economics, Elsevier, vol. 117(C), pages 175-195.
    2. Lionel Fontagné & Cristina E Mitaritonna & José E Signoret, 2016. "Estimated Tariff Equivalents of Services NTMs," Working Papers hal-01476543, HAL.
    3. Rita Cappariello & Sebastian Franco-Bedoya & Vanessa Gunnella & Gianmarco I. P. Ottaviano, 2020. "Rising protectionism and global value chains: quantifying the general equilibrium effects," CEP Discussion Papers dp1682, Centre for Economic Performance, LSE.
    4. Gabriel Felbermayr & Benedikt Heid & Mario Larch & Erdal Yalcin, 2015. "Macroeconomic potentials of transatlantic free trade: a high resolution perspective for Europe and the world," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 30(83), pages 491-537.
    5. Stephen Devadoss & Jeff Luckstead, 2018. "Implications of the Comprehensive Economic and Trade Agreement for Processed Food Markets," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 66(3), pages 415-440, September.
    6. Marcel Henkel & Tobias Seidel, 2019. "A Spatial Perspective On European Integration: Heterogeneous Welfare And Migration Effects From The Single Market And The Brexit," Economic Inquiry, Western Economic Association International, vol. 57(1), pages 333-352, January.
    7. Garcia-Lazaro, Aida & Mistak, Jakub & Gulcin Ozkan, F., 2021. "Supply chain networks, trade and the Brexit deal: a general equilibrium analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    8. Gabriel Felbermayr & Jasmin Gröschl & Marina Steininger, 2022. "Quantifying Brexit: from ex post to ex ante using structural gravity," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(2), pages 401-465, May.
    9. John Van Reenen, 2016. "Brexit's Long-Run Effects on the U.K. Economy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 47(2 (Fall)), pages 367-383.
    10. Gabriel Felbermayr, 2018. "Tariffs in Transatlantic Trade: On What, How Much and How Fair?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(06), pages 24-29, March.
    11. Vickie Siew Hoon Yew & Abul Quasem Al-Amin & Evelyn S. Devadason, 2020. "Labour Market Effects of Non-tariff Measures: A Computable General Equilibrium for the Food Processing Sector in Malaysia," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 63(3), pages 629-656, September.
    12. Luckstead, Jeff & Devadoss, Stephen, 2015. "Impacts of TTIP on Processed Food Trade under Monopolistic Competition and Firm Heterogeneity," 2016 Allied Social Sciences Association (ASSA) Annual Meeting, January 3-5, 2016, San Francisco, California 212817, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    EU US FTA; NTBs; NTMs; services trade barriers; transatlantic trade;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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