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Trade effects of the EU-Korea free trade agreement: A comparative analysis of expected and observed outcomes

Author

Listed:
  • Forizs, Virág

    (DG Trade)

  • Nilsson, Lars

    (DG Trade)

Abstract

It is common that observers simply look at the bilateral trade figures following the introduction of a free trade agreement (FTA) and try assess whether the agreement has increased trade or not (since trying to assess what the level of trade would have been in the theoretical absence of the FTA is too complex). The present short note therefore compares the economic assessment of the negotiated outcome of the EU-Korea FTA, carried out for the European Commission by CEPII/ ATLASS, with observed data. Our results point to sound projections against observed data at the aggregate level and in the largest sectors such as Machinery as opposed to trade in less important sector.

Suggested Citation

  • Forizs, Virág & Nilsson, Lars, 2016. "Trade effects of the EU-Korea free trade agreement: A comparative analysis of expected and observed outcomes," DG TRADE Chief Economist Notes 2016-2, Directorate General for Trade, European Commission.
    • Handle: RePEc:ris:dgtcen:2016_002
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    References listed on IDEAS

    as
    1. Csilla Lakatos & Lars Nilsson, 2017. "The EU-Korea FTA: anticipation, trade policy uncertainty and impact," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 153(1), pages 179-198, February.
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    Cited by:

    1. Felbermayr, Gabriel & Kimura, Fukunari & Okubo, Toshihiro & Steininger, Marina, 2019. "Quantifying the EU-Japan Economic Partnership Agreement," Journal of the Japanese and International Economies, Elsevier, vol. 51(C), pages 110-128.
    2. Marc Bungenberg & Angshuman Hazarika, 2017. "The European Union’s trade and investment policy in Asia: new challenges and opportunities in a changing global environment – or: following individual roadmaps," Asia Europe Journal, Springer, vol. 15(4), pages 377-397, December.

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    More about this item

    Keywords

    International trade; EU; Korea; comparative analysis;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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