Effects of a Deeper Central European Free Trade Agreement

This paper studies the economic effects of ‘deepening’ the Central European Free Trade Agreement (CEFTA). It combines new information on the content of trade agreements with gravity model estimates of the impact of deep trade agreements, agreements...

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Main Authors:	Mulabdic, Alen, Ruta, Michele
Format:	Working Paper
Language:	English
Published:	Washington, DC: World Bank 2022
Subjects:	CEFTA TRADE AGREEMENT INTERNATIONAL TRADE AND INVESTMENT FREE TRADE AGREEMENT TRADE POLICY AREAS HARMONIZATION OF REGULATIONS REGIONAL COOPERATION
Online Access:	http://documents.worldbank.org/curated/en/717941646720980197/Effects-of-a-Deeper-Central-European-Free-Trade-Agreement http://hdl.handle.net/10986/37138

id	okr-10986-37138
recordtype	oai_dc
spelling	okr-10986-371382022-03-17T05:10:33Z Effects of a Deeper Central European Free Trade Agreement Mulabdic, Alen Ruta, Michele CEFTA TRADE AGREEMENT INTERNATIONAL TRADE AND INVESTMENT FREE TRADE AGREEMENT TRADE POLICY AREAS HARMONIZATION OF REGULATIONS REGIONAL COOPERATION This paper studies the economic effects of ‘deepening’ the Central European Free Trade Agreement (CEFTA). It combines new information on the content of trade agreements with gravity model estimates of the impact of deep trade agreements, agreements that go beyond the elimination of tariffs and other border restrictions. The analysis suggests that CEFTA is a relatively shallow trade agreement as it covers mostly policy areas under the current WTO mandate. The estimated trade impacts of CEFTA on member countries are relatively modest, varying between 0.02 and 7.4 percent. CEFTA’s members would gain from simultaneously deepening their integration reciprocally and vis-a-vis the EU. In particular, a trade agreement with the EU similar to the EU-Norway agreement could increase total exports by CEFTA members between 4 and 27 percent. 2022-03-16T17:55:13Z 2022-03-16T17:55:13Z 2018-03-01 Working Paper http://documents.worldbank.org/curated/en/717941646720980197/Effects-of-a-Deeper-Central-European-Free-Trade-Agreement http://hdl.handle.net/10986/37138 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Report Publications & Research Europe and Central Asia Europe
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CEFTA TRADE AGREEMENT INTERNATIONAL TRADE AND INVESTMENT FREE TRADE AGREEMENT TRADE POLICY AREAS HARMONIZATION OF REGULATIONS REGIONAL COOPERATION
spellingShingle	CEFTA TRADE AGREEMENT INTERNATIONAL TRADE AND INVESTMENT FREE TRADE AGREEMENT TRADE POLICY AREAS HARMONIZATION OF REGULATIONS REGIONAL COOPERATION Mulabdic, Alen Ruta, Michele Effects of a Deeper Central European Free Trade Agreement
geographic_facet	Europe and Central Asia Europe
description	This paper studies the economic effects of ‘deepening’ the Central European Free Trade Agreement (CEFTA). It combines new information on the content of trade agreements with gravity model estimates of the impact of deep trade agreements, agreements that go beyond the elimination of tariffs and other border restrictions. The analysis suggests that CEFTA is a relatively shallow trade agreement as it covers mostly policy areas under the current WTO mandate. The estimated trade impacts of CEFTA on member countries are relatively modest, varying between 0.02 and 7.4 percent. CEFTA’s members would gain from simultaneously deepening their integration reciprocally and vis-a-vis the EU. In particular, a trade agreement with the EU similar to the EU-Norway agreement could increase total exports by CEFTA members between 4 and 27 percent.
format	Working Paper
author	Mulabdic, Alen Ruta, Michele
author_facet	Mulabdic, Alen Ruta, Michele
author_sort	Mulabdic, Alen
title	Effects of a Deeper Central European Free Trade Agreement
title_short	Effects of a Deeper Central European Free Trade Agreement
title_full	Effects of a Deeper Central European Free Trade Agreement
title_fullStr	Effects of a Deeper Central European Free Trade Agreement
title_full_unstemmed	Effects of a Deeper Central European Free Trade Agreement
title_sort	effects of a deeper central european free trade agreement
publisher	Washington, DC: World Bank
publishDate	2022
url	http://documents.worldbank.org/curated/en/717941646720980197/Effects-of-a-Deeper-Central-European-Free-Trade-Agreement http://hdl.handle.net/10986/37138
_version_	1764486613160689664

Effects of a Deeper Central European Free Trade Agreement

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