Canada and the European Union: Prospects for a Free Trade Agreement
This paper argues that there are significant potential economic gains to be obtained from an EU-Canada Free Trade Agreement. The evolution of trade between the US and Canada following the signing of CUSFTA in 1989 offers a good illustration of how trade might increase after an EU-Canada FTA, as the patterns and levels of protection between the EU and Canada today are very similar to the protection that existed between the US and Canada in 1989. Although many empirical studies fail to find support for ‘trade diversion’ created by NAFTA (or CUSFTA) at the expense of the EU and to the benefit of the US, there is some evidence of trade diversion when detailed regional trade is examined. If indeed trade diversion has occurred due to NAFTA, then an EU-Canada FTA is welfare-enhancing for Canada. For the EU, a potential FTA can level the playing field with the US and increase the competitiveness of European firms in the Canadian market.
| Attachment | Size | Hits | Last download |
|---|---|---|---|
| 1686.pdf | 222.37 KB | 2148 | 14 hours 19 min ago |
This paper argues that there are significant potential economic gains to be obtained from an EU-Canada Free Trade Agreement. The evolution of trade between the US and Canada following the signing of CUSFTA in 1989 offers a good illustration of how trade might increase after an EU-Canada FTA, as the patterns and levels of protection between the EU and Canada today are very similar to the protection that existed between the US and Canada in 1989. Although many empirical studies fail to find support for ‘trade diversion’ created by NAFTA (or CUSFTA) at the expense of the EU and to the benefit of the US, there is some evidence of trade diversion when detailed regional trade is examined. If indeed trade diversion has occurred due to NAFTA, then an EU-Canada FTA is welfare-enhancing for Canada. For the EU, a potential FTA can level the playing field with the US and increase the competitiveness of European firms in the Canadian market.
978-92-9079-804-0-en-1514
[list_price] => 0.00000 [cost] => 0.00000 [sell_price] => 12.00000 [weight] => 300 [weight_units] => g [length] => 0 [width] => 0 [height] => 0 [length_units] => cm [pkg_qty] => 0 [default_qty] => 1 [unique_hash] => 2dedac6ef4cbb67ecad3f84366f74ec9 [ordering] => 0 [shippable] => 1 [path] => book/canada-and-european-union-prospects-free-trade-agreement [field_book_isbn] => Array ( [0] => Array ( [value] => 978-92-9079-804-0 [safe] => 978-92-9079-804-0 ) ) [field_book_number] => Array ( [0] => Array ( [value] => 298 [safe] => 298 [view] => 298 ) ) [field_book_short_title] => Array ( [0] => Array ( [value] => [safe] => [view] => ) ) [field_book_author_external] => Array ( [0] => Array ( [value] => [safe] => ) ) [field_book_old_path] => Array ( [0] => Array ( [value] => 1686 [safe] => 1686 ) ) [field_book_pages] => Array ( [0] => Array ( [value] => 32 [view] => 32 ) ) [field_book_publication_date] => Array ( [0] => Array ( [value] => 2008-07-14T00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => date [view] => 14 July 2008 ) ) [field_book_author] => Array ( [0] => Array ( [nid] => 312 [safe] => Array ( [nid] => 312 [title] => Selen Guerin [status] => 1 ) [view] => Selen Guerin ) [1] => Array ( [nid] => 323 [safe] => Array ( [nid] => 323 [title] => Christopher Napoli [status] => 1 ) [view] => Christopher Napoli ) ) [field_image_cache] => Array ( [0] => ) [field_type] => Array ( [0] => Array ( [value] => BOOK [format] => [safe] =>BOOK
[view] => Printed book ) [1] => Array ( [value] => [format] => [safe] => [view] => ) [2] => Array ( [value] => [format] => [safe] => [view] => ) ) [print_display] => 1 [print_display_comment] => 0 [print_display_urllist] => 1 [signup] => 0 [tags] => Array ( ) [uc_order_product_id] => [0] => [taxonomy] => Array ( [taxonomy_term_12] => Array ( [title] => Trade Developments [href] => taxonomy/term/12 [attributes] => Array ( [rel] => tag [title] => ) ) [taxonomy_term_89] => Array ( [title] => CEPS Working Documents [href] => catalog/89 [attributes] => Array ( [rel] => tag [title] => Give an indication of work being conducted within CEPS research programmes and are aimed at stimulating reactions from other experts in the field. ) ) ) [files] => Array ( [1581] => stdClass Object ( [fid] => 1581 [uid] => 1 [filename] => 1686.pdf [filepath] => files/book/1686.pdf [filemime] => application/pdf [filesize] => 227705 [status] => 1 [timestamp] => 2009-09-09 16:38:08 [nid] => 1514 [vid] => 1514 [description] => 1686.pdf [list] => 1 [weight] => 0 ) ) [flatrate] => Array ( ) [shipping_type] => small_package [shipping_address] => stdClass Object ( [first_name] => [last_name] => [company] => CEPS [phone] => +32 2 2293951 [street1] => place du Congres 1 [street2] => [city] => Brussels [zone] => 94 [postal_code] => 1000 [country] => 56 ) [usps] => Array ( [vid] => 1514 [nid] => 1514 [container] => ) [weightquote] => Array ( ) [build_mode] => 0 [readmore] => 1 [content] =>This paper argues that there are significant potential economic gains to be obtained from an EU-Canada Free Trade Agreement. The evolution of trade between the US and Canada following the signing of CUSFTA in 1989 offers a good illustration of how trade might increase after an EU-Canada FTA, as the patterns and levels of protection between the EU and Canada today are very similar to the protection that existed between the US and Canada in 1989. Although many empirical studies fail to find support for ‘trade diversion’ created by NAFTA (or CUSFTA) at the expense of the EU and to the benefit of the US, there is some evidence of trade diversion when detailed regional trade is examined. If indeed trade diversion has occurred due to NAFTA, then an EU-Canada FTA is welfare-enhancing for Canada. For the EU, a potential FTA can level the playing field with the US and increase the competitiveness of European firms in the Canadian market.
| Attachment | Size | Hits | Last download |
|---|---|---|---|
| 1686.pdf | 222.37 KB | 2148 | 14 hours 19 min ago |
This paper argues that there are significant potential economic gains to be obtained from an EU-Canada Free Trade Agreement. The evolution of trade between the US and Canada following the signing of CUSFTA in 1989 offers a good illustration of how trade might increase after an EU-Canada FTA, as the patterns and levels of protection between the EU and Canada today are very similar to the protection that existed between the US and Canada in 1989. Although many empirical studies fail to find support for ‘trade diversion’ created by NAFTA (or CUSFTA) at the expense of the EU and to the benefit of the US, there is some evidence of trade diversion when detailed regional trade is examined. If indeed trade diversion has occurred due to NAFTA, then an EU-Canada FTA is welfare-enhancing for Canada. For the EU, a potential FTA can level the playing field with the US and increase the competitiveness of European firms in the Canadian market.
978-92-9079-804-0-en-1514
[list_price] => 0.00000 [cost] => 0.00000 [sell_price] => 12.00000 [weight] => 300 [weight_units] => g [length] => 0 [width] => 0 [height] => 0 [length_units] => cm [pkg_qty] => 0 [default_qty] => 1 [unique_hash] => 2dedac6ef4cbb67ecad3f84366f74ec9 [ordering] => 0 [shippable] => 1 [path] => book/canada-and-european-union-prospects-free-trade-agreement [field_book_isbn] => Array ( [0] => Array ( [value] => 978-92-9079-804-0 [safe] => 978-92-9079-804-0 ) ) [field_book_number] => Array ( [0] => Array ( [value] => 298 [safe] => 298 [view] => 298 ) ) [field_book_short_title] => Array ( [0] => Array ( [value] => [safe] => [view] => ) ) [field_book_author_external] => Array ( [0] => Array ( [value] => [safe] => ) ) [field_book_old_path] => Array ( [0] => Array ( [value] => 1686 [safe] => 1686 ) ) [field_book_pages] => Array ( [0] => Array ( [value] => 32 [view] => 32 ) ) [field_book_publication_date] => Array ( [0] => Array ( [value] => 2008-07-14T00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => date [view] => 14 July 2008 ) ) [field_book_author] => Array ( [0] => Array ( [nid] => 312 [safe] => Array ( [nid] => 312 [title] => Selen Guerin [status] => 1 ) [view] => Selen Guerin ) [1] => Array ( [nid] => 323 [safe] => Array ( [nid] => 323 [title] => Christopher Napoli [status] => 1 ) [view] => Christopher Napoli ) ) [field_image_cache] => Array ( [0] => ) [field_type] => Array ( [0] => Array ( [value] => BOOK [format] => [safe] =>BOOK
[view] => Printed book ) [1] => Array ( [value] => [format] => [safe] => [view] => ) [2] => Array ( [value] => [format] => [safe] => [view] => ) ) [print_display] => 1 [print_display_comment] => 0 [print_display_urllist] => 1 [signup] => 0 [tags] => Array ( ) [uc_order_product_id] => [0] => [taxonomy] => Array ( [12] => stdClass Object ( [tid] => 12 [vid] => 3 [name] => Trade Developments [description] => [weight] => 12 ) [89] => stdClass Object ( [tid] => 89 [vid] => 4 [name] => CEPS Working Documents [description] => Give an indication of work being conducted within CEPS research programmes and are aimed at stimulating reactions from other experts in the field. [weight] => 0 ) ) [files] => Array ( [1581] => stdClass Object ( [fid] => 1581 [uid] => 1 [filename] => 1686.pdf [filepath] => files/book/1686.pdf [filemime] => application/pdf [filesize] => 227705 [status] => 1 [timestamp] => 2009-09-09 16:38:08 [nid] => 1514 [vid] => 1514 [description] => 1686.pdf [list] => 1 [weight] => 0 ) ) [flatrate] => Array ( ) [shipping_type] => small_package [shipping_address] => stdClass Object ( [first_name] => [last_name] => [company] => CEPS [phone] => +32 2 2293951 [street1] => place du Congres 1 [street2] => [city] => Brussels [zone] => 94 [postal_code] => 1000 [country] => 56 ) [usps] => Array ( [vid] => 1514 [nid] => 1514 [container] => ) [weightquote] => Array ( ) [build_mode] => 0 [readmore] => 1 [content] => Array ( [print_links] => Array ( [#weight] => -101 [#suffix] => [#value] => [#prefix] => [#title] => [#description] => [#printed] => 1 ) [display_price] => Array ( [#weight] => -10 [#access] => 1 [#value] =>BOOK
[#delta] => 0 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => [#children] => Printed book ) [1] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_type [#weight] => 1 [#theme] => text_formatter_default [#item] => Array ( [value] => [format] => [safe] => [#delta] => 1 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => ) [2] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_type [#weight] => 2 [#theme] => text_formatter_default [#item] => Array ( [value] => [format] => [safe] => [#delta] => 2 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => ) [#title] => [#description] => [#children] => Printed book [#printed] => 1 ) [#single] => 1 [#attributes] => Array ( ) [#required] => [#parents] => Array ( ) [#tree] => [#context] => full [#page] => 1 [#field_name] => field_type [#title] => type [#access] => 1 [#label_display] => inline [#teaser] => [#node] => stdClass Object *RECURSION* [#type] => content_field [#children] => Printed book [#printed] => 1 ) [#title] => [#description] => [#children] =>| Attachment | Size |
|---|---|
| 1686.pdf | 222.37 KB |
This paper argues that there are significant potential economic gains to be obtained from an EU-Canada Free Trade Agreement. The evolution of trade between the US and Canada following the signing of CUSFTA in 1989 offers a good illustration of how trade might increase after an EU-Canada FTA, as the patterns and levels of protection between the EU and Canada today are very similar to the protection that existed between the US and Canada in 1989. Although many empirical studies fail to find support for ‘trade diversion’ created by NAFTA (or CUSFTA) at the expense of the EU and to the benefit of the US, there is some evidence of trade diversion when detailed regional trade is examined. If indeed trade diversion has occurred due to NAFTA, then an EU-Canada FTA is welfare-enhancing for Canada. For the EU, a potential FTA can level the playing field with the US and increase the competitiveness of European firms in the Canadian market.
| Attachment | Size |
|---|---|
| 1686.pdf | 222.37 KB |
This paper argues that there are significant potential economic gains to be obtained from an EU-Canada Free Trade Agreement. The evolution of trade between the US and Canada following the signing of CUSFTA in 1989 offers a good illustration of how trade might increase after an EU-Canada FTA, as the patterns and levels of protection between the EU and Canada today are very similar to the protection that existed between the US and Canada in 1989. Although many empirical studies fail to find support for ‘trade diversion’ created by NAFTA (or CUSFTA) at the expense of the EU and to the benefit of the US, there is some evidence of trade diversion when detailed regional trade is examined. If indeed trade diversion has occurred due to NAFTA, then an EU-Canada FTA is welfare-enhancing for Canada. For the EU, a potential FTA can level the playing field with the US and increase the competitiveness of European firms in the Canadian market.
Researchers
Related Publications
- Do the European Union’s bilateral investment treaties matter?
- Enhancing Regional Trade Integration in Southeast Europe
- Die Auswirkungen der ATC-Liberalisierung auf die deutsche Textilwirtschaft
- A Qualitative Analysis of a Potential Free Trade Agreement between the European Union and South Korea
- The mega new-generation deal with Canada
- The EU Budget at Risk of a New Policy Blunder
- Prospects for the EU's New Generation of FTAs
- Global Supply Chains, Standards and the Poor
- Trade Agreements, Multifunctionality and EU Agriculture
- The fall of Doha and the rise of regionalism?
Editor's choice
-
Financial Markets
-
Politics and Institutions
-
Justice and Home Affairs
-
Economic Policy
-
EU Neighbourhood Policy
-
Economic Policy