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The EU-Japan Economic Partnership Agreement and its Relevance for the Austrian Economy

Author

Listed:
  • Julia Grübler
  • Oliver Reiter

    (The Vienna Institute for International Economic Studies, wiiw)

  • Robert Stehrer

    (The Vienna Institute for International Economic Studies, wiiw)

Abstract

Since the beginning of 2017, a paradigm change in international trade policy is observed. While protectionist agendas are on the rise, the EU and Japan signed an Economic Partnership Agreement (EPA) on 17 July 2018. It is the EU’s most ambitious agreement with any Asian state. The study estimates the effect of the EU-Japan EPA for Austria based on qualitative analysis and a structural gravity model. The model predicts small but positive effects of around 0.01% of GDP for Austria. Highest gains are expected for manufactured goods, particularly in the medium- and high-tech sectors. Abstract in German language Seit Anfang des Jahres 2017 vollzieht sich in der internationalen Handelspolitik ein Paradigmenwechsel. Während protektionistische Agenden an Fahrt gewinnen, unterzeichneten die EU und Japan am 17. Juli 2018 ein Wirtschaftspartnerschaftsabkommen (EPA). Es ist das ambitionierteste Abkommen der EU mit einem asiatischen Staat. Die Studie schätzt die Effekte des EU-Japan-EPA für Österreich mithilfe von qualitativen Analysen und einem strukturellen Gravitationsmodell ab. Für Österreich wurde ein kleiner, aber positiver Effekt von rund 0,01% des BIP errechnet. Es wird erwartet, dass vor allem der Fertigungsbereich in Mittel- und High-Tech-Sektoren von diesem Abkommen profitieren wird.

Suggested Citation

  • Julia Grübler & Oliver Reiter & Robert Stehrer, 2018. "The EU-Japan Economic Partnership Agreement and its Relevance for the Austrian Economy," wiiw Research Reports 434, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:rpaper:rr:434
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    References listed on IDEAS

    as
    1. Mahdi Ghodsi & Julia Grübler & Oliver Reiter & Robert Stehrer, 2017. "The Evolution of Non-Tariff Measures and their Diverse Effects on Trade," wiiw Research Reports 419, The Vienna Institute for International Economic Studies, wiiw.
    2. Mahdi Ghodsi & Julia Grübler & Robert Stehrer, 2016. "Estimating Importer-Specific Ad Valorem Equivalents of Non-Tariff Measures," wiiw Working Papers 129, The Vienna Institute for International Economic Studies, wiiw.
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    6. Antoine Bouët & Yvan Decreux & Lionel Fontagné & Sébastien Jean & David Laborde, 2004. "A Consistent, Ad-Valorem Equivalent Measure of Applied Protection Across the World: The MAcMap-HS6 Database," Working Papers 2004-22, CEPII research center.
    7. Andreas Dür & Leonardo Baccini & Manfred Elsig, 2014. "The design of international trade agreements: Introducing a new dataset," The Review of International Organizations, Springer, vol. 9(3), pages 353-375, September.
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    10. Gabriel Felbermayr & Fukunari Kimura & Toshihiro Okubo & Marina Steininger & Erdal Yalcin, 2017. "On the economics of an EU-Japan Free Trade Agreement," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 86, July.
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    1. repec:wsr:ecbook:2020:i:vii-004 is not listed on IDEAS
    2. Richard Grieveson & Julia Grübler & Peter Havlik & Roman Stöllinger, 2019. "Monthly Report No. 1/2019," wiiw Monthly Reports 2019-01, The Vienna Institute for International Economic Studies, wiiw.
    3. Breuss, Fritz, 2022. "Who wins from an FTA induced revival of world trade?," Journal of Policy Modeling, Elsevier, vol. 44(3), pages 653-674.
    4. Julia Grübler & Oliver Reiter & Robert Stehrer, 2021. "On the new gold standard in EU trade integration: reviewing the EU-Japan EPA," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 48(3), pages 611-644, August.
    5. Julia Grübler & Oliver Reiter, 2020. "Greater than the sum of its parts? Does Austria profit from a widening network of EU free trade agreements?," FIW Research Reports series VII-004, FIW.
    6. Julia Grübler & Oliver Reiter, 2020. "Greater than the Sum of its Parts? How does Austria Profit from a Widening Network of EU Free Trade Agreements?," wiiw Working Papers 186, The Vienna Institute for International Economic Studies, wiiw.
    7. Julia Grübler & Oliver Reiter & Robert Stehrer, 2019. "The EU-Japan EPA: A Case for Non-tariff Measures," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 20(02), pages 17-25, July.

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    More about this item

    Keywords

    economic partnership; free trade; EPA; FTA; EU; Japan; JEFTA; South Korea; tariffs; non-tariff measures; structural gravity model;
    All these keywords.

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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