ASSESS_CETA: Assessing the claimed benefits of the EU-Canada Trade Agreement (CETA)
In late 2016, a decision will be made by the Council of the European Union whether to launch the ratification process of the free trade agreement between the EU and Canada (CETA). The European Commission (EC) is promoting the agreement with the prospects of more trade, stronger economic relations and job creation. However, studies on the economic impact of CETA report only marginal effects on GDP of 0.03% to 0.08% for the whole of the EU. In other words, CETA is expected to generate a one-time income effect of around 20 EUR per EU citizen after a 10 years implementation period. Despite these small effects by CETA, it is worthwhile to question models and assumptions that stand behind these estimations and show neglected risks and adjustment costs. This task is highly relevant, given that the EC is stressing the innovative character of the agreement as it includes intensive regulatory cooperation and strengthens investor protection via the controversially discussed investor arbitration mechanism. CETA is therefore considered the blueprint of the future EU trade policy that focuses on new topics such as regulation, liberalization of public procurement and the promotion and protection of investment.
Alternative title: | CETA: Ökonomische Bewertung der prognostizierten Effekte des EU-Kanada-Freihandelsabkommens |
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Year of publication: |
2016
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Authors: | Raza, Werner G. ; Tröster, Bernhard ; von Arnim, Rudi |
Publisher: |
Vienna : Austrian Foundation for Development Research (ÖFSE) |
Saved in:
freely available
Series: | Research Report ; 4/2016 |
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Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Research Report |
Language: | English |
ISBN: | 978-3-7063-0620-1 |
Other identifiers: | 1751390683 [GVK] hdl:10419/268169 [Handle] RePEc:zbw:oefser:42016 [RePEc] |
Source: |
Persistent link: https://www.econbiz.de/10013480311
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