Time to Preference: Early Preference Uptake under the EU-Canada Comprehensive Economic and Trade Agreement and the EU-Korea Free Trade Agreement

• 영문명: Time to Preference: Early Preference Uptake under the EU-Canada Comprehensive Economic and Trade Agreement and the EU-Korea Free Trade Agreement
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Lars Nilsson
• 간행물 정보: 『Journal of Economic Integration』제37권 제4호, 589~648쪽, 전체 60쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2022.12.01

영문 초록

This study examines the uptake of trade preferences under the EU-Canada Comprehensive Economic and Trade Agreement and the EU-Korea Free Trade Agreement during their respective first 21 months of application. The research analyzes the impact of time on the preference utilization rate of EU imports from Canada and Korea and EU exports to the two countries. The findings shed light on how EU member states perform vis-à-vis each trade partner and whether certain product groups appear more successful than others in terms of using trade preferences. The study further analyzes the potential effects of learning how to use preferences over time. Finally, the study argues that firm-pair transaction level data is necessary for discerning more conclusive answers regarding why trade preferences are (not) used. The results point to that lack of knowledge and awareness is the most plausible reason to a low use of trade preferences in the early days of an agreement. To increase preference utilization rates in the beginning as well as later during agreement implementation, continuous information campaigns appear to be essential, not least since importing and exporting firms change over time.

목차

I. Introduction

II. Basic Concepts and Literature Review

III. Trade and Trade Liberalization under CETA and the EU-Korea FTA Free Trade Agreemement

IV. Comparative Empirical Analysis

V. Summary, Conclusions, and the Way Forward

References

Annex

키워드

EU CETA Korea trade preferences FTA