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- W2955482362 abstract "The NAFTA and the European Union constitute the largest trading blocs in the world. The main objectives of this paper are to 1) investigate the effects of a bilateral free trade agreement between Canada and the European Union on output, the trade balance and exports for different sectors of Canada; 2) explore the effects of a free trade agreement between the European Union and NAFTA on various trade related variables in NAFTA countries and the European Union; and 3) examine the effects of a free trade agreement between the European Union and NAFTA on non-member countries especially the developing countries. In exploring the effects of a trans-Atlantic free trade agreements, this paper primarily relies on the Global Trade Analysis Project(GTAP) model and database, version 7. Two policy experiments are considered in this paper: 1) Elimination of all tariffs and export subsidies for all goods and services involving Canada and the European Union; and 2) Elimination of all tariffs and export subsidies for all goods and services involving NAFTA countries and the European Union. The main findings are : 1) A Canada-EU free trade deal will increase the economic welfare in Canada and the European Union with adverse effects on other regions, notably the United States and 2) a NAFTA-EU free trade agreement will increase the economic welfare of the United States and the European Union but reduce that of Canada , Mexico and other regions notably, China." @default.
- W2955482362 created "2019-07-12" @default.
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- W2955482362 date "2010-04-14" @default.
- W2955482362 modified "2023-09-27" @default.
- W2955482362 title "The Economic Effects of Trans-Atlantic Free Trade Agreements" @default.
- W2955482362 hasPublicationYear "2010" @default.
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