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GTAP Resources: Resource Display

GTAP Resource #4801

"Asean and EU-Philippines FTA. A win-win occasion to foster economic growth?"
by Antimiani, Alessandro and Beatriz Velazquez


Abstract
Based on recent market outlook it is expected that 90% of world demand will be generated outside the EU in the next two decades. The fast-growing emerging economies of the world offer new export opportunities for EU firms. This is why the EU is seeking to open up more market opportunities for European business by negotiating Free trade Agreements with key countries, as part of its strategy to return to growth and job creation in Europe . A positive dynamic with South East Asian Nations (ASEAN) would reinforce the EU position in Asia and bring economic benefits to ASEAN countries.
Under this background, the aim of this paper is to analyse the benefits of a possible bilateral EU-Philippines FTA (Free Trade Agreement) , not only looking at the benefits deriving from trade creation, but also at how capital movements and capital accumulation may influence welfare gains in the countries involved. Also, the FTA impact on other Philippines ASEAN partners will be looked at, with special attention on trade flows within the ASEAN and with other relevant trading partners (e.g. USA, Australia and New Zealand).

The analysis is implemented using the dynamic version of the GTAP model. A 22 countries, 22 sectors disaggregation will be used to build a baseline with macroeconomic developments until 2025, that is without including the FTA. The policy scenario will look at the impact of the EU-Philippines FTA agreements, assuming a progressive phasing-in implementation ending in 2020 and involving mainly agricultural products, and full implementation in 2025 (including eventual safeguard clauses).

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Resource Details (Export Citation) GTAP Keywords
Category: 2015 Conference Paper
Status: Published
By/In: Presented at the 18th Annual Conference on Global Economic Analysis, Melbourne, Australia
Date: 2015
Version:
Created: Antimiani, A. (4/16/2015)
Updated: Velazquez, B. (6/12/2015)
Visits: 547
- Dynamic modeling
- Agricultural policies
- Preferential trading arrangements
- Asia (Southeast)
- European Union


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