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The purpose of this article is to present the evolution of Moldova's foreign trade and highlight the changes that took place in 2010-2018, including the changes following the signing of free trade agreements with the EU and Turkey. The article identifies the groups of goods in which the Republic...
Persistent link: https://www.econbiz.de/10014477230
In all the regions of the contemporary world - including Asia - there is a growing trend in market consolidation through regional collaboration in the form of bilateral and regional trade agreements. Regional cooperation and integration can facilitate the way for expanding markets and creating...
Persistent link: https://www.econbiz.de/10010397235
The India-Sri Lanka Free Trade Agreement has been in operation for more than a decade. The paper provides the Sri Lankan perspective of the Free Trade Agreement (FTA) highlighting both the positive outcomes and the negative aspects. The paper shows that the FTA has worked in favor of Sri Lanka...
Persistent link: https://www.econbiz.de/10010397344
Many economists tend to be skeptical of the merits of Free-Trade Areas (FTAs) due to their second-best nature, while others support them under certain conditions, particularly as they allow for a more comprehensive treatment of trade- and investment-related issues than is currently possible...
Persistent link: https://www.econbiz.de/10010507454
The paper argues that East Asian regionalism is fragile because (i) each nation's industrial competitiveness depends on the smooth functioning of "Factory Asia" - in particular for intraregional trade; (ii) the unilateral tariff-cutting that created Factory Asia is not subject to WTO discipline...
Persistent link: https://www.econbiz.de/10010507456
We use panel data consisting of 96 countries and covering the period 1960–2000 to investigate the effects of free trade agreements (FTAs) and hub-and-spoke systems of FTAs on exports. Our empirical results imply an annual growth rate of 5.57% in exports, leading to a doubling of exports after...
Persistent link: https://www.econbiz.de/10010507486
Expanding trade with East Asia’s "Big Three" economic giants—the People’s Republic of China (PRC), Japan, and the Republic of Korea—offers a new potential source of growth for ASEAN in the post-global-crisis period. In fact, ASEAN has been actively pursuing trade liberalization with the...
Persistent link: https://www.econbiz.de/10010507509
Few policy issues in Brussels and Washington DC are met with such a compact unity across political boundaries as the idea of deepened transatlantic economic integration. Twenty years after the fall of the Berlin Wall, the support for transatlantic economic co-operation remains strong. The...
Persistent link: https://www.econbiz.de/10011790327
This paper investigates whether the India-Sri Lanka Free Trade Agreement (ISLFTA) has had trade creation or trade diversion effects on the rest of the World. The method used resembles the one used by Romalis (2005) to study NAFTA. In order to use the variations in tariff at the product level, we...
Persistent link: https://www.econbiz.de/10010316799
We use a unique case study to estimate the effect of withdrawing from a free trade agreement on international trade. Lately, the political opposition to international economic cooperation has been on the rise, but little is known about how the withdrawal from a trade agreement affects trade. We...
Persistent link: https://www.econbiz.de/10012493005