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Preferential Trade Liberalization in the North Atlantic

Author

Listed:
  • Baldwin, Richard
  • Francois, Joseph

Abstract

This study provides a quantitative assessment of the implications of preferential trade liberalization by the North Atlantic economies. Emphasis is placed on the pattern of production and trade in North America and Western Europe, the pattern of import protection, and the likely trade and income effects of trade liberalization. The potential benefits of preferential trade liberalization are also compared with the potential benefits of post-Uruguay Round most-favoured nation-based reductions in trade barriers. The numerical assessment highlights the impact both on the North Atlantic economies themselves, and on their important regional trading partners.

Suggested Citation

  • Baldwin, Richard & Francois, Joseph, 1997. "Preferential Trade Liberalization in the North Atlantic," CEPR Discussion Papers 1611, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:1611
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    Citations

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    Cited by:

    1. Rolf J. Langhammer & Daniel Piazolo & Horst Siebert, 2002. "Assessing Proposals for a Transatlantic Free Trade Area," Aussenwirtschaft, University of St. Gallen, School of Economics and Political Science, Swiss Institute for International Economics and Applied Economics Research, vol. 57(02), pages 161-186, June.
    2. Gabriel Felbermayr & Wilhelm Kohler & Rahel Aichele & Günther Klee & Erdal Yalcin, 2015. "Potential impact of the Transatlantic Trade and Investment Partner (TTIP) on developing and emerging countries," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 67.
    3. Gabriel Felbermayr & Mario Larch & Finn Krüger & Lisandra Flach & Erdal Yalcin & Sebastian Benz, 2013. "Dimensionen und Auswirkungen eines Freihandelsabkommens zwischen der EU und den USA," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 62.
    4. Lübcke, Britta & Piazolo, Daniel, 1998. "Wohlfahrtseffekte einer nordatlantischen Handelsliberalisierung," Kiel Working Papers 885, Kiel Institute for the World Economy (IfW Kiel).
    5. Spinanger, Dean & Francois, Joseph F. & Glismann, Hans H., 2000. "The Cost of EU Trade Protection in Textiles and Clothing," Kiel Working Papers 997, Kiel Institute for the World Economy (IfW Kiel).
    6. Langhammer, Rolf J., 2008. "Why a market place must not discriminate: The case against a US-EU free trade agreement," Kiel Working Papers 1407, Kiel Institute for the World Economy (IfW Kiel).

    More about this item

    Keywords

    Free Trade Agreements; Preferential Trade; Regionalism; TAFTA; Transatlantic Trade;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications

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