Open Access
Deep and comprehensive free trade agreements
Loading...
Files
RSCAS_2016_29.pdf (411.78 KB)
Full-text in Open Access
License
Cadmus Permanent Link
Full-text via DOI
ISBN
ISSN
1028-3625
Issue Date
Type of Publication
LC Subject Heading
Other Topic(s)
EUI Research Cluster(s)
Initial version
Published version
Succeeding version
Preceding version
Published version part
Earlier different version
Initial format
Author(s)
Citation
EUI RSCAS; 2016/29; Global Governance Programme-219; [Global Economics]
Cite
HOEKMAN, Bernard M., Deep and comprehensive free trade agreements, EUI RSCAS, 2016/29, Global Governance Programme-219, [Global Economics] - https://hdl.handle.net/1814/41405
Abstract
This paper reviews elements of the history of association agreements between the EU and countries that are covered by the European Neighbourhood Policy (ENP). It considers the rationale for negotiation of Deep and Comprehensive Free Trade Areas with neighbouring countries based on research that assesses the design, salience and incentive effects of such agreements. It makes a case that developments in the global economy and the experience with using trade agreements to pursue deeper integration of markets suggest that alternatives to DCFTAs may be more effective instruments for cooperation for both sides. The 2015 review of the ENP creates new opportunities to consider such alternatives. These could span sectoral agreements, more focused efforts targeting specific policy areas that have a significant impact on trade costs, and initiatives that centre on the adoption of international standards and internationally recognized good regulatory practices.