Regionalism vs. Multilateralism: Assessing the Impact of Free Trade Agreements between EU and Asian Countries

AGFOODTRADE Working Paper No. 2008-03

Posted: 9 Apr 2009

See all articles by Alessandro Antimiani

Alessandro Antimiani

Istituto Nazionale di Economia Agraria (INEA)

Cristina Mitaritonna

Centre d'Etudes Prospectives et d'Info. Internationales (CEPII)

Federica Santuccio

affiliation not provided to SSRN

Luca Salvatici

Università Roma Tre - Dipartimento di Economia

Date Written: April 9, 2009

Abstract

In 2006 the EU decided to abandon its moratorium on negotiating new free trade agreements. Since then, numerous negotiations have been started. In particular, the EU joined in the scramble for preferential market access in Asia, starting bilateral negotiations both with individual countries, as in the case of India and South Korea, and with regional subgroupings, such as the Association of Southeast Asian Nations (ASEAN).

In this paper, we use a computable general equilibrium (CGE) model to assess the effects of the possible agreements between the EU and the Asian countries. We want to evaluate the impact of the free trade agreements by themselves, their mutual compatibility as well as their relations with the larger agenda of multilateral trade liberalization. As a matter of fact, regional trade agreements are controversial in economics, not simply because of the classic (so-alled 'Vinerian') view that they can sometimes reduce trade by diverting it, rather than creating it, but also because of the unresolved disagreements over when a regional trade agreement is likely to precede, rather than preclude, more global agreements.

Keywords: Protection, Commercial policy, GTAP model, International trade

JEL Classification: F13, Q17, F17

Suggested Citation

Antimiani, Alessandro and Mitaritonna, Cristina and Santuccio, Federica and Salvatici, Luca, Regionalism vs. Multilateralism: Assessing the Impact of Free Trade Agreements between EU and Asian Countries (April 9, 2009). AGFOODTRADE Working Paper No. 2008-03 , Available at SSRN: https://ssrn.com/abstract=1375325

Alessandro Antimiani

Istituto Nazionale di Economia Agraria (INEA) ( email )

Via Barberini, 36 - 00187
Rome
Italy

Cristina Mitaritonna

Centre d'Etudes Prospectives et d'Info. Internationales (CEPII) ( email )

9 rue Georges Pitard
Paris Cedex 15, F-75015
France

Federica Santuccio

affiliation not provided to SSRN ( email )

Luca Salvatici (Contact Author)

Università Roma Tre - Dipartimento di Economia ( email )

Via Ostiense, 159
Roma, RM 00145
Italy
+390657335737 (Phone)

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