European Union-Developing Country Ftas: Overview and Analysis

Posted: 25 Jun 2008 Last revised: 5 Mar 2012

See all articles by Joseph F. Francois

Joseph F. Francois

University of Bern - Department of Economics; Centre for Economic Policy Research (CEPR); Vienna Institute of International Economic Studies (WIIW); University of Adelaide - School of Economics

Matthew McQueen

University of Reading - Department of Economics

Ganeshan Wignaraja

Asian Development Bank

Date Written: October 1, 2005

Abstract

This paper explores the complex structures of recent free trade agreements (FTAs) between the EU and developing countries, surveys the main factors determining their economic effects, and presents quantitative simulations of the effects of these agreements. Limitations of product coverage substantially reduce the potential benefits of the agreements compared to full bilateral free trade, while only the Mexico, Chile and Turkey agreements have trade related commitments which are wider and deeper than the preferential reduction in tariffs. In the case of Egypt, existing levels of protection mean that it is moving to regional free trade with many domestic distortions still in place, producing a significant loss for the Egyptian economy.

Keywords: Free Trade Agreements, CGE Modelling, European Union, Developing Countries

Suggested Citation

Francois, Joseph F and McQueen, Matthew and Wignaraja, Ganeshan, European Union-Developing Country Ftas: Overview and Analysis (October 1, 2005). World Development, Vol. 33, No. 10, 2005. Available at SSRN: https://ssrn.com/abstract=1151041

Joseph F Francois

University of Bern - Department of Economics ( email )

Schanzeneckstrasse 1
Bern, CH-3001
Switzerland

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Vienna Institute of International Economic Studies (WIIW) ( email )

Oppolzergasse 6
A-1010 Vienna
Austria

University of Adelaide - School of Economics ( email )

Adelaide SA, 5005
Australia
+61 8 8303 5540 (Phone)
+61 8 8223 1460 (Fax)

Matthew McQueen

University of Reading - Department of Economics

Reading, RG6 6AA
United Kingdom

Ganeshan Wignaraja (Contact Author)

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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