The Eu's Free-Trade Agreements with Developing Countries: A Case of Wishful Thinking?

17 Pages Posted: 16 Mar 2003

See all articles by Matthew McQueen

Matthew McQueen

University of Reading - Department of Economics

Abstract

Since the middle of the 1990s the EU has vigorously pursued a policy of replacing non-reciprocal preferences for the developing countries in the Mediterranean, Latin America and with South Africa, with bilateral free-trade agreements. This article examines the content of these agreements and the empirical evidence on their likely effects and concludes that they are 'broad' but 'shallow' agreements. The static effect are likely to be very small or negative while the potential dynamic gains are problematic, especially regarding the concept of a 'lock in' to trade liberalisation, unless there are greater commitments to trade related issues by both sides and especially by the EU.

Suggested Citation

McQueen, Matthew, The Eu's Free-Trade Agreements with Developing Countries: A Case of Wishful Thinking?. The World Economy, Vol. 25, pp. 1369-1385, 2002. Available at SSRN: https://ssrn.com/abstract=371870

Matthew McQueen (Contact Author)

University of Reading - Department of Economics

Reading, RG6 6AA
United Kingdom

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