Jacques Pelkmans, Joseph Francois

Tomorrow's Silk Road

Assessing an EU-China Free Trade Agreement

• Gebundenes Buch

Produktbeschreibung

This CEPS book comprises a first-ever economic and regulatory analysis of a possible Free Trade Area (FTA) between China and the EU, whose design is supposed to be 'deep and comprehensive'. It provides an overview of the global economic environment in which EU-Chinese economic relations have developed in recent years, including global value chains linking the two economies. The substance of the FTA design is then elaborated in nine, largely empirical and technical chapters ranging from tariff analysis (at the 6- and 8-digit level) and technical barriers to trade, to services, government procurement and investment. A third part comprises a CGE-model-based empirical simulation of the economic effects on GDP per member state (and on China), bilateral trade in goods and services, wages for workers with three distinct skill-levels and a series of goods and services sectors. The year-long study was led by Jacques Pelkmans of CEPS, and the research was carried out by a team of trade specialists at CEPS in partnership with another team of researchers led by Prof. Joseph Francois of the World Trade Institute (WTI) in Bern.

Produktdetails

• Verlag: Center for European Policy Studies
• Seitenzahl: 332
• Erscheinungstermin: 16. Mai 2018
• Englisch
• Abmessung: 260mm x 183mm x 22mm
• Gewicht: 823g
• ISBN-13: 9781786607867
• ISBN-10: 1786607867
• Artikelnr.: 52643350

Autorenporträt

Joseph Francois is Managing Director and professor of economics at the World Trade Institute. He also serves as deputy director of the NCCR Trade Regulation. Previously he was professor of economics (with a chair in economic theory) at the Johannes Kepler Universität Linz. He is a fellow of the Centre for Economic Policy Research (London), director of the European Trade Study Group and the Institute for International and Development Economics, senior research fellow with the Vienna Institute for International Economic Studies, and a board member of the Global Trade Analysis Project. He serves on the editorial board of the Review of Development Economics, and the World Trade Review.

Inhaltsangabe

Executive Summary
Introduction
Part I: The Global and Bilateral Context
1. Why an EU-China free trade area?
2. China and the EU in a rapidly changing world economy
3. Bilateral economic relations: Trade and investments
4. Global value chains: Significance for the EU and China
Part II: Design and Substance of an EU-China FTA
5. What would an EU-China FTA look like?
6. Market access in industrial goods: An analysis of tariffs
7. Market access in goods: Trade defence remedies
8. Market access in agriculture: Tariffs and tariff-rate quotas
9. Technical barriers to trade
10. Reducing SPS barriers in an EU-China FTA
11. Market access in services: China and the EU
12. Public procurement
13. Intellectual property rights and geographical indications
14. State-owned enterprises (SOEs) and competition policy
15. Investment and the BIT
Part II: Potential Economic Impact: A CGE-based simulation of effects of the FTA
16. Introduction
17. Trade and production linkages
18. Removing tariffs and reducing NTM costs in a China-EU FTA
19. Modelling the FTA between China and the EU
Part IV: Conclusions and Policy Implications
20. Policy implications of an EU-China free trade agreement
References