Trade effects of the EU-Korea free trade agreement: A comparative analysis of expected and observed outcomes

Virág Forizs and Lars Nilsson ()
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Virág Forizs: DG Trade
Lars Nilsson: DG Trade

No 2016-2, DG TRADE Chief Economist Notes from Directorate General for Trade, European Commission

Abstract: It is common that observers simply look at the bilateral trade figures following the introduction of a free trade agreement (FTA) and try assess whether the agreement has increased trade or not (since trying to assess what the level of trade would have been in the theoretical absence of the FTA is too complex). The present short note therefore compares the economic assessment of the negotiated outcome of the EU-Korea FTA, carried out for the European Commission by CEPII/ ATLASS, with observed data. Our results point to sound projections against observed data at the aggregate level and in the largest sectors such as Machinery as opposed to trade in less important sector.

Keywords: International trade; EU; Korea; comparative analysis (search for similar items in EconPapers)
JEL-codes: F13 F15 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2016-09-01
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:dgtcen:2016_002

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