EU Trade and Regulation: Economic and Political Dynamics

Annette Bongardt () and Francisco Torres ()
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Annette Bongardt: CICP, Universidade de Évora, and Universidade Fernando Pessoa
Francisco Torres: Católica Lisbon School of Business and Economics and PEFM, Oxford University

Notas Económicas, 2019, issue 49, 47-61

Abstract: The EU’s new generation of deep and comprehensive free trade agreements not only promote EU trade but also have a bearing on the shape of the European model and in consequence on the sustainability of the integration project. They reach much further than conventional free trade agreements. Their benefits hinge on the abolition of non-tariff and regulatory barriers and enter into areas that are member state competences. Much depends on the agreements in question and similarity of preferences between trading partners. It is up to the EU, ultimately for the sake of the sustainability of its political integration project, to explicitly contemplate not only trade impacts but impacts on the Union’s economic model instead of letting rather than being pushed further down the road by unfolding trade dynamics.

Keywords: Comprehensive free trade agreements; EU regulation and preferences; subsidiarity. (search for similar items in EconPapers)
JEL-codes: F13 F68 P16 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:gmf:journl:y:2019:i:49:p:47:61

DOI: 10.14195/2183-203X_49_4

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