Asian Integration and Its Implications for the EU “Post-Doha”

2014 ◽  
Vol 13 (1) ◽  
pp. 53-79 ◽  
Author(s):  
Michael G. Plummer
Keyword(s):  
Trade Diversion ◽  
Economic Cooperation ◽  
Production Networks ◽  
Economic Costs ◽  
Regional Trade ◽  
The Past ◽  
Regional Production ◽  
Asian Integration ◽  
Economic Landscape ◽  
The Eu

Asian economic cooperation and integration has become a key fixture of the global economic landscape in the 21st century. Over the past decade Asian economies established a large number of bilateral and a few sub-regional free trade areas that have facilitated the rise in intra-regional trade and regional production networks. More recently, the region has been active in embracing regionwide accords. The EU has been essentially left out of this process. This paper considers the economic costs of EU exclusion from the economic cooperation initiatives in Asia. It finds that, although on the whole the effects will be small, the EU could face significant trade diversion at the commodity level.

scholarly journals Trade creation and trade diversion effects from Croatia’s CEFTA and EU membership

2021 ◽  
Vol 72 (4) ◽  
pp. 489-521
Author(s):  
Hrvoje Jošić ◽  
Maja Bašić
Keyword(s):  
Random Effects ◽  
Trade Diversion ◽  
Trade Agreements ◽  
Trade Flows ◽  
Regional Trade Agreements ◽  
Trade Creation ◽  
Total Trade ◽  
Regional Trade ◽  
Eu Membership ◽  
The Eu

This paper provides a detailed empirical study of trade creation and trade diversion effects arising from Croatia's two regional trade agreements, the Central European Free Trade Agreement (CEFTA) and the European Union (the EU). It offers a foundation for discussion about future trade policies in terms of benefits and drawbacks from those regional trade agreements. Croatia’s imports, exports and total trade flows with 180 trading partner countries were examined for the period of 2000 – 2016. Cross-country panel regression using gravity model of international trade assessed pooled OLS, fixed and random effects, as well as more robust Tobit and PPML estimator models. The random effects model found positive effects of Croatia-CEFTA integration evident in trade creation in imports, exports and total trade flows. Croatia-EU integration exhibits no significant effect of trade creation in neither imports, exports nor total trade flows. Nonetheless, there is a trade diversion effect in cases of imports and total trade flows. In the Tobit model CEFTA created trade in imports, exports and total trade flows, while the EU diverted trade in imports and total trade flows. Finally, the robust PPML estimator found that: (1) CEFTA membership created trade in imports, exports and total trade flows, and (2) the EU membership diverted trade in imports and exports, and created trade in total trade flows.

Agglomeration of European Industries

2020 ◽  
pp. 226-242
Author(s):  
Michael A. Landesmann ◽  
Joris M. Schröder
Keyword(s):  
Central And Eastern Europe ◽  
Functional Specialization ◽  
Production Networks ◽  
European Regions ◽  
Industrial Activity ◽  
Eu Member States ◽  
The Past ◽  
Cross Border ◽  
Regional Production ◽  
Macroeconomic Implications

This chapter analyses the agglomeration of industrial activity across European regions over the past two decades. This period was characterized by the development of potent cross-border regional production networks in manufacturing in Central Europe that include both the more advanced regions of Germany, Austria, Switzerland, Northern Italy, Sweden, and those of the new EU member states of Central and Eastern Europe. These developments were accompanied by serious deindustrialization processes in other parts of Europe which in turn had important macroeconomic implications in the form of sustained external imbalances. The chapter explores the geographic agglomeration of industrial activity in Europe, but also that of ‘advanced tradable services’ in which the more advanced regions of Europe can counter balance the loss of manufacturing. It also gives evidence of cross-border (vertical and functional) specialization patterns that characterize regional production networks.

The Mystery of Reciprocal Demand for Regional Trade Partnership: Indian Experience in RCEP Regional Value Chains

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Debashis Chakraborty ◽  
Julien Chaisse
Keyword(s):  
Manufacturing Sector ◽  
Mutual Recognition ◽  
Value Added ◽  
Trade Diversion ◽  
Trade Agreements ◽  
Regional Trade Agreements ◽  
Value Chains ◽  
Production Networks ◽  
Regional Trade ◽  
Regional Comprehensive Economic Partnership

AbstractThe decision of a country to join regional trade agreements (RTAs) is guided by its expected welfare gains, though potentials of both trade creation and trade diversion cannot be ruled out through such arrangements. The slow progress of the World Trade Organization negotiations has created a demand for mega-regional trade agreements in the last decade, but the recent US and Indian pullout from Trans-Pacific Partnership (TPP) and Regional Comprehensive Economic Partnership (RCEP), respectively, raised a question on their attraction. One of the major underlying objectives of RTAs is to deepen intra-bloc participation in regional value chains (RVCs) and International Production Networks (IPNs), through adoption of reformed rules of origin (ROO) provisions and mutual recognition agreements (MRA) for standard harmonization. This article, through an analysis of the RVC–IPN participation of the RCEP countries, attempts to understand to what extent the Indian pullout from RCEP can be linked to its unfulfilled expectations. The observations indicate that, relatively modest participation in the RVCs, declining domestic value added content of exports and the associated adverse trade balance scenario have critically shaped the Indian standpoint. The evolving Indian orientation towards trade remedy mechanism can be viewed in this backdrop. The analysis concludes that in the post-coronavirus disease 2019 (COVID-19) period, the Indian decision to consolidate domestic manufacturing sector needs to acknowledge the reality rather than being guided by the rhetoric.

ECONOMIC INTEGRATION IN EAST ASIA AND EUROPE: LESSONS FROM A COMPARATIVE ANALYSIS

2010 ◽  
Vol 55 (01) ◽  
pp. 163-184 ◽  
Author(s):  
GIOVANNI CAPANNELLI ◽  
CARLO FILIPPINI
Keyword(s):  
East Asia ◽  
Economic Integration ◽  
East Asian ◽  
The European Union ◽  
Production Networks ◽  
Trade Patterns ◽  
Financial Cooperation ◽  
Regional Production ◽  
Recent Developments ◽  
The Eu

This paper compares the economic integration processes of the European Union and the East Asian nations and comments on the possible reciprocal lessons, if any, that can be drawn to smooth the future paths of the two groups. The most relevant lessons on the EU side rely on strong institutionalization, structural policies, and the monetary union. Lessons from East Asia can be found in regional production networks, trade patterns, and the recent developments in financial cooperation. Both entities are presently facing difficult challenges to progress and growth.

Processed Food Trade of Greece with EU and Non-EU Countries

2016 ◽  
Vol 1 (2) ◽  
pp. 15-30
Author(s):  
Pascal L. Ghazalian
Keyword(s):  
Production Efficiency ◽  
Trade Diversion ◽  
Jel Classification ◽  
Processed Food ◽  
The European Union ◽  
Regional Trade ◽  
Food Trade ◽  
Eu Countries ◽  
Trade Preferences ◽  
The Eu

This paper examines the implications of the European Union (EU) regional trade preferences for processed food trade between Greece and its EU partners, and between Greece and non-EU countries. The empirical analysis relies on the gravity model, and uses different estimation techniques. The results show that the EU regional trade preferences led to substantial increases in processed food trade between Greece and its EU partners, emphasizing trade creation effects. The magnitudes of these increases are higher than the intra-EU average, and are more pronounced for Greece's imports than for Greece's exports. The results also indicate that the EU regional trade preferences brought about decreases in processed food trade between Greece and non-EU countries, implying trade diversion effects. The Greek food processing industry could benefit from competitiveness-promoting strategies (e.g., upgrading innovation activities, marketing and distribution channels, and production efficiency) to expand exports to the EU market and to counter import competition in the domestic market. JEL Classification: F13, F14, F15.

scholarly journals Trade in Intermediates and Agro-Food Value Chain Integration: The Case of the Arab Region

SAGE Open ◽  
2021 ◽  
Vol 11 (1) ◽  
pp. 215824402110025
Author(s):  
Houcine Boughanmi ◽  
Fatma Al-Saadi ◽  
Lokman Zaibet ◽  
Ibtisam Al Abri ◽  
Abdallah Akintola
Keyword(s):  
Value Chain ◽  
Regional Integration ◽  
Value Added ◽  
Arab Countries ◽  
Production Networks ◽  
Regional Trade ◽  
Current Form ◽  
Arab Region ◽  
The Past ◽  
Food Value

Arab intra-regional trade in agro-food accounts for more than half of the total Arab agro-food trade, displaying strong “trade-intensity” over the past decade. This indicates the potential of developing agro-food regional production networks aligning with the region’s comparative advantage in agro-food products. However, intermediates trade, as an indicator of value chain integration, has been low and sluggish due to various structural and policy factors. This article aims to analyze the determinants of trade in agro-food intermediates in the Arab region, focusing on the role and significance of regional trade arrangements and trade facilitation. The Broad Economic Category (BEC) classification is used to categorize goods into intermediate and final goods. Our analysis, using the gravity model, shows that regional trade arrangements in their current form do not significantly affect regional trade (except in the Gulf Cooperation Council [GCC]). We also reveal that timeliness in export delivery is an important determinant of trade in agro-food intermediates. Thus, Arab countries should simplify their customs clearance procedures and engage in a deeper form of regional integration to help build trade corridors and enhance regional value-added chains (RVCs).

DEVELOPMENT TRENDS AND PROSPECTS OF ECONOMIC AND TRADE COOPERATION BETWEEN CHINA AND UKRAINE

2018 ◽  
Vol 2018 (6) ◽  
pp. 3-12
Author(s):  
Zhang DONGYANG ◽  
Keyword(s):  
Free Trade ◽  
Bilateral Trade ◽  
The United States ◽  
Economic Cooperation ◽  
Free Trade Zone ◽  
Asia Pacific ◽  
Economic Downturn ◽  
The European Union ◽  
Association Agreement ◽  
The Eu

The status and prospects of development of trade and economic relations between Ukraine and China are considered. It is proved that bilateral cooperation in the trade and economic sphere has made significant progress. In 2012–2017, China was the second largest trading partner of Ukraine after Russia. However, the problem of imbalance in imports and exports between Ukraine and China has not yet been resolved. In addition, the scale and number of projects in which Ukraine attracts Chinese investment is much less than investments from European countries and the United States. It is justified that trade and economic cooperation between Ukraine and China is at a new historical stage. On the one hand, Ukraine signed the Association Agreement with the European Union, and on January 1, 2016, the rules of the free trade zone between Ukraine and the EU entered into force. This helps to accelerate the integration of Ukrainian economy into European one. On the other hand, the global economic downturn requires the introduction of innovations in the model of cooperation. The Chinese initiative “One belt is one way” is one of the variants of the innovation model of cooperation. Its significance is to unite the Asia-Pacific region with the EU in order to join the Eurasian Economic Union, create a new space and opportunities for development and achieve prosperity with the Eurasian countries. All this forms unprecedented opportunities for development of bilateral economic and trade relations. It seems that to fully open the potential of Ukrainian economy and expand bilateral trade and economic cooperation, it is necessary to take into account such proposals as the establishment of the Sino-Ukrainian industrial park, the promotion of cooperation in the field of electronic commerce, the formation of the Sino-Ukrainian free trade zone and enhanced interaction within multilateral mechanisms (for example, the Shanghai Cooperation Organization and the interaction of China and the countries of Central and Eastern Europe in the 16 + 1 format).

The past, present and future of food consumption databases

2012 ◽  
Vol 153 (43) ◽  
pp. 1692-1700
Author(s):  
Viktória Szűcs ◽  
Erzsébet Szabó ◽  
Diána Bánáti
Keyword(s):  
Data Collection ◽  
Food Consumption ◽  
Age Groups ◽  
Collection Method ◽  
The Past ◽  
Consumption Data ◽  
Food Consumption Data ◽  
International Projects ◽  
Collection Methods ◽  
The Eu

Results of the food consumption surveys are utilized in many areas, such as for example risk assessment, cognition of consumer trends, health education and planning of prevention projects. Standardization of national consumption data for international comparison is an important task. The intention work began in the 1970s. Because of the widespread utilization of food consumption data, many international projects have been done with the aim of their harmonization. The present study shows data collection methods for groups of the food consumption data, their utilization, furthermore, the stations of the international harmonization works in details. The authors underline that for the application of the food consumption data on the international level, it is crucial to harmonize the surveys’ parameters (e.g. time of data collection, method, number of participants, number of the analysed days and the age groups). For this purpose the efforts of the EU menu project, started in 2012, are promising. Orv. Hetil., 2012, 153, 1692–1700.

Ensuring sustainable foreign economic relations of countries at the forefront and outskirts of the European Union

2020 ◽  
Vol 16 (10) ◽  
pp. 1980-1996
Author(s):  
T.S. Malakhova
Keyword(s):  
European Union ◽  
International Organizations ◽  
Economic Cooperation ◽  
Structure Model ◽  
Methodological Framework ◽  
The European Union ◽  
Early 21St Century ◽  
Economic Relations ◽  
Economic Bloc ◽  
The Eu

Subject. Foreign economic and trade ties among countries are getting tighter and less predictable in the early 21st century. This directly stems from a growing disparity of partners, especially if it goes about their future cooperation as part of integration groups or international organizations. Communities of experts suggest using various approaches to locally adjusting integration phases, especially implementing the two-speed integration in the European Union. Objectives. The study is an attempt to examine an improvement of foreign economic cooperation and suggest its implementation steps for the European Union. This all is due to considerable inner controversies and problems within the EU, which grow more serious year by year. Methods. The methodological framework comprises the historical logic, dialectical principles, scientific abstraction method. The process and system approach was especially important for justifying the implementation of the above steps. It was used to examine foreign economic relations of partners in the European Union. Results. The article sets forth the theoretical and methodological framework for the geostrategic economic bloc, including a conceptual structure model. I present steps to implement a foreign economic cooperation of partners in the EU in terms of its form. Conclusions and Relevance. Should the form of the foreign economic relations among the EU countries be implemented, counties at the periphery of the EU will be able to become active parties to the integration group.

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