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Winning strategies for the future
Lucian Cernat 인하대학교 산업경제연구소 2011 경상논집 Vol.25 No.2
This paper reviews some of the recent analytical studies dealing with the potential economic benefits arising from a stronger engagement between the EU and several strategic partners - the United States, China, Japan, and Russia. Based on these empirical findings it concludes with a discussion of the main trade policy options facing Europe in the next few years.
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RTAs and WTO Compatibility: Catch Me If You Can? The Case of EPA Negotiations
( Lucian Cernat ),( Bonapas Onguglo ),( Taisuke Ito ) 세종대학교 경제통합연구소 (구 세종대학교 국제경제연구소) 2008 Journal of Economic Integration Vol.23 No.3
There is an ongoing debate about best ways to assess the compatibility of RTAs with WTO rules and the possible negative impact that the proliferation of RTA formation may have on individual members and on the stability of the multilateral trading system as a whole. Therefore, rules defining the WTO compatibility of RTAs are one of the issues in the WTO Doha negotiations. Taking the current EPA negotiations between ACP and EU as an example, this paper examines two sorts of questions: (i) the implications for developing country members of the current proposals to tighten the rules on WTO compatibility of RTAs; (ii) the impact that the proliferation of RTA formation may have on non-RTA members and on the stability of the multilateral trading system as a whole. More specifically, the paper assesses quantitatively using a partial equilibrium framework the implications for ACP countries of some of the proposals to reform GATT Art. XXIV, in particular the “substantially all trade” criteria. Based on a CGE approach, the paper then looks at the implications of EPA negotiations on third countries and its linkages with the ongoing Doha negotiations, in particular on how the future EPA agreements could be non-trade diverting, in line with Ohyama-Panagariya-Krishna version of the Kemp-Wan theorem.
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