European Parliament Library

The United States and the New Regionalism/ Bilateralism, Yongzheng Yang, Alvin Hilaire

Contributor
Abstract
Current U.S. trade policy stresses establishing free trade areas (FTAs) with partners spanning the globe. Motivations include enhancing goods and services trade; stimulating investment flows; extending standards on intellectual property rights, labor, and the environment; and addressing geopolitical concerns. Simulations of FTAs with the United States highlight the importance of trade complementarity, trade diversion, and welfare losses for nonmembers. Agriculture and textiles play a central role in determining welfare outcomes. Initial improvement in market access enjoyed by participants could be eroded progressively as global liberalization proceeds, and this preference erosion might act as a disincentive to participate in multilateral liberalization
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. THE SCOPE OF U.S. FREE TRADE ARRANGEMENTS""; ""III. PRINCIPAL ISSUES IN THE NEW REGIONALISM""; ""IV. SIMULATIONS OF FREE TRADE ARRANGEMENTS WITH THE UNITED STATES""; ""V. SUMMARY AND CONCLUSION""; ""ANNEX I. TABLES""; ""References""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (26 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781451919202

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