China-United Kingdom free trade area

2017 ◽  
Vol 10 (1) ◽  
pp. 111-126
Author(s):  
Shumei Chen ◽  
Dandan Li
Keyword(s):  
United Kingdom ◽  
Free Trade ◽  
Free Trade Area ◽  
Economic Effects ◽  
The European Union ◽  
Content Type ◽  
Trade Area ◽  
Simulation Results ◽  
The Uk ◽  
Trade Analysis

Purpose The purpose of this paper is to predict the likely economic effects of a free trade area (FTA) on both China and the United Kingdom (hereafter the UK). Design/methodology/approach Following literature review and trade relationship briefing, this paper uses the Global Trade Analysis Project simulation to predict the economic effects of such a FTA on both China and the UK. Findings The simulation results indicate that a China-UK free trade area (hereafter CUFTA) will bring more benefits than harm to both China and the UK, and achieving zero tariff or reducing technological barriers to trade (TBT) is mutually beneficial for both China and the UK, with the growth in GDP, economic welfare as well as import and export. Combining zero tariff and the reduction of TBT in exceptional departments is the most favorable way to improve the macroeconomic effects without bringing damaging effects on the comparative disadvantage industries such as transport equipment, chemicals industries for China and textiles and apparel industry for the UK. Originality/value After the UK voted to leave the European Union, CUFTA is put on the agenda by both the governments, yet there are fewer studies on CUFTA, with this paper being one of the early trials. Besides, based on the simulation results, some policy suggestions will be put forward for future negotiations and industrial policies’ adjustment.

UK-EU trade negotiations to be contentious

2016 ◽  
Keyword(s):  
United Kingdom ◽  
Free Trade Area ◽  
Content Type ◽  
Trade Area ◽  
The United Kingdom ◽  
Beneficial Impact ◽  
The Uk ◽  
Trade Deals ◽  
The Impact ◽  
The Eu

Subject Outlook for UK-EU trade deals. Significance Following the 'Brexit' referendum, a statement from EU Trade Commissioner Cecilia Malmstrom that the United Kingdom must negotiate its EU exit before concluding a trade deal alters assessments of future trading conditions across the English Channel. Even if the United Kingdom were to retain access to the single market or negotiate a free trade area with the EU, UK-EU trade is likely to be governed solely by WTO rules for many years. Impacts Given the UK government's lack of trade negotiators, the private sector could shape the country's negotiating positions. For UK exporters with domestic suppliers, the impact of tariffs on EU shipments will be mitigated by the pound's depreciation. However, the beneficial impact of the latter is reduced for UK exporters that source from abroad.

scholarly journals ANALYSIS OF RELATIONSHIP BETWEEN THE EUROPEAN UNION AND THE UNITED STATES IN THE PERIOD THE PRESIDENCY OF DONALD TRUMP (2017-2020)

2020 ◽  
pp. 35-39
Author(s):  
Andrei Martynov ◽  
Sergey Asaturov
Keyword(s):  
United States ◽  
European Union ◽  
Foreign Policy ◽  
Free Trade ◽  
United Arab Emirates ◽  
Migration Policy ◽  
Free Trade Area ◽  
The United States ◽  
The European Union ◽  
Trade Area

The European Union has met Donald Trump's presidency in a crisis, caused by Britain's exit, quarrels over migration policy and prospects for European integration. Trump has abandoned a project to create a transatlantic free trade area. He demanded a one-sided trade advantage for the United States. The rejection of the liberal project of multilateral foreign policy contributed to the deepening of contradictions between the EU and the US in the field of trade, environment, the regime of international disarmament treaties, the algorithm for resolving regional conflicts. The Trump era in US foreign policy was a time of abandoning liberal globalism. But it is impossible to realize this task in one cadence. The question is whether it is possible for Democrats to fully restore liberal globalism in equal cooperation with the European Union.Trump has abandoned the project of a transatlantic free trade area between the United States and the European Union. This shocked the European elites. Differences in approaches to world trade contributed to the coolness. The European Union is promoting a liberal approach. Trump insisted on the priority of the patronage of American interests. As a result, the tradition of relationships has suffered. Until 2017, the United States bought European goods and paid the most to the NATO budget. Trump demanded trade parity and more European funding for NATO. European elites perceived Trump's approach to migration issues as unacceptable. Trump's policy on international conflicts has become another reason for mutual misunderstanding. Trump recognized Jerusalem as the capital of Israel and helped establish diplomatic relations between Israel and the United Arab Emirates. This has become a challenge for the European Union's Middle East policy.

Ghana’s Akufo-Addo faces economic diplomacy challenges

2021 ◽  
Keyword(s):  
International Trade ◽  
Free Trade ◽  
Free Trade Area ◽  
African Union ◽  
Content Type ◽  
Economic Diplomacy ◽  
Trade Area ◽  
Social Tensions ◽  
Trade Partners

Significance However, the success of Akufo-Addo's second term could depend in large part upon effective economic diplomacy with regional and international trade partners now the African Continental Free Trade Area (AfCFTA) has become operational. Impacts Ghana will push for all African Union (AU) members to ratify the AfCFTA to secure its position as a regional hub. Economic plans may heighten existing social tensions within Ghana, notably Western Togoland, if growth is not shared equitably. More AU members will likely undertake full ratification of the AfCFTA to not be left outside of lucrative continental markets.

scholarly journals Economic and Political Aspects of the Serbia — EAEU Free Trade Area

2021 ◽  
Vol 14 (2) ◽  
pp. 120-131
Author(s):  
A. V. Toropygin
Keyword(s):  
European Union ◽  
Foreign Policy ◽  
Free Trade ◽  
Soft Power ◽  
Free Trade Area ◽  
The Other ◽  
The European Union ◽  
Economic Interests ◽  
Trade Area ◽  
The One

The article is devoted to the analysis of the Serbia — EAEU relations development through the prism of the Agreement on the Free Trade Area (FTA) — between the integration association and the separate economy / country. The purpose of this study is to identify the prospects of the FTA taking into account Serbia’s desire to integrate into the European Union. The author come to the conclusion that intensive interaction, primarily between Serbia and Russia through the FTA between Serbia and the EAEU, is explained, on the one hand, by Serbia’s multi-vector foreign policy, and, on the other hand, by Russia’s attentive attitude to the course of the conflict over Kosovo. Russia has economic interests in this region, as well as the region is people-related value for Russia within which it has used and will intensively utilize of soft power mechanisms.

EU-Japan partnership could set new global standards

2019 ◽  
Keyword(s):  
Free Trade ◽  
Free Trade Area ◽  
Trade Agreement ◽  
Strategic Partnership ◽  
Content Type ◽  
Data Movement ◽  
Trade Area ◽  
Global Standards ◽  
Security Operations ◽  
Partnership Agreement

Subject EU-Japan cooperation. Significance Three agreements between the EU and Japan took effect this year after nearly eight years of negotiations. They create the worlds’ largest free trade area and largest area of ‘safe data flows’, and establish a strategic partnership promising increased cooperation in 40 fields. Impacts Japanese automakers and European farmers will be the greatest beneficiaries of the bilateral free trade agreement. The Strategic Partnership Agreement could pave the way for joint Japan-EU security operations. The Data Movement Agreement will facilitate international trade in ‘big data’. The agreements are in part an attempt to counter China’s Belt and Road Initiative.

scholarly journals Mapping the teaching of aquatic animal veterinary medicine in the European Union and European Free Trade Area

2018 ◽  
Vol 5 (1) ◽  
pp. e000309 ◽  
Author(s):  
Despoina Iatridou ◽  
Laura Pohl ◽  
Nancy De Briyne ◽  
Dušan Palić ◽  
Jimmy H Saunders ◽  
...  
Keyword(s):  
Veterinary Medicine ◽  
Free Trade ◽  
Core Curriculum ◽  
Great Majority ◽  
Free Trade Area ◽  
Fish Farming ◽  
Aquatic Animal ◽  
The European Union ◽  
Veterinary Education ◽  
Trade Area

Aquatic animal production is the fastest growing food sector globally. Aquaculture and fisheries are very dynamic sectors in the EU and the number of ornamental aquarium pets is increasing. Veterinarians have a fundamental role to play by ensuring health and welfare of aquatic species, productivity and profitability of fish farming, public health and ecosystem conservation. This study investigates how the undergraduate curriculum prepares future veterinarians for such roles by analysing data from the 77 European veterinary education establishments based in EU and the European Free Trade Area. Over 95 per cent of these establishments incorporate teaching in aquatic animal veterinary medicine in their curriculum, while the great majority do so within the core curriculum. Almost half of the establishments provide teaching in aquatic animal veterinary medicine as separate subjects. Many establishments (>40 per cent) provide such training as elective option in their undergraduate curricula or as postgraduate opportunities to enhance Day One Competences. The veterinary education establishments integrating adequately aquatic animal veterinary medicine in their curriculum are evenly distributed in all regions of Europe. Veterinarians are trained and empowered by legislation to assess health of aquatic animals, to diagnose, to prescribe medicines, to notify for diseases and to ensure safe food for the consumers. Veterinary education establishments should encourage training of veterinarians to follow a career in aquatic animal veterinary medicine.

THE ROLE OF SADC IN BOOSTING DOMESTIC, REGIONAL, CONTINENTAL AND INTERNATIONAL TRADE

2016 ◽  
Vol 13 (1) ◽  
pp. 88-98
Author(s):  
Ghazala Begum Essop
Keyword(s):  
Free Trade ◽  
Bilateral Trade ◽  
Global Financial Crisis ◽  
Free Trade Area ◽  
Customs Union ◽  
The European Union ◽  
African Countries ◽  
Regional Economic ◽  
Trade Area

The role of regional economic communities in the development of trade in Africa is widely recognised. Currently, intra-African trade stands at 10 per cent. This is in sharp contrast to other developing regions of the world. In Asia and Latin America, the levels of intra-trade are 50 and 26 per cent, respectively. There are a number of reasons accounting for the low level of intra-African trade, including the weak mandate given to regional economic communities to monitor and enforce the commitments assumed by countries under regional trade agreements. The lack of integration has negatively impacted on African countries and affected their ability to attract foreign direct investment commensurate with their development needs. Had African countries been less exposed to external markets, they would have been minimally affected by the global financial crisis. The importance of boosting intra-African trade was highlighted by Africa’s Heads of State and Government when they devoted this year’s summit to this theme. In the run-up to the summit, the African Union Commission released a study that underscored the importance of regional economic communities in the process of economic integration in Africa. Currently, SADC member states are in the process of implementing the SADC Trade Protocol, which would create a fully-fledged free trade area and later a customs union, and at the same time engaged in tripartite negotiations aimed at merging the three (SADC, COMESA and the EAC) regional configurations. They are also engaged in the EPA negotiations with the European Union, which would create a free trade area and also the Doha negotiations under the auspices of the WTO. The main objective of this article is to estimate SADC countries’ bilateral trade potential, which may result in the improvements in trade facilitation.

Sign in / Sign up

Export Citation Format

Share Document