Trade Implications of the Transatlantic Trade and Investment Partnership for Poland’s Agri-Food Trade

Jan Hagemejer, Jan Michałek () and Karolina Pawlak ()
Additional contact information
Karolina Pawlak: Poznan University of Life Sciences

Central European Journal of Economic Modelling and Econometrics, 2021, vol. 13, issue 1, 75-103

Abstract: The objective of the paper is to evaluate the implications of trade liberalization under the Transatlantic Trade and Investment Partnership (TTIP) for the Polish economy. We analyze the level of tariffs and non-tariff protection in the US and in the EU and identify products particularly “sensitive” from the point of view of TTIP liberalization. With the help of a partial equilibrium model, we simulate the trade implications of the TTIP for Poland’s trade with the US at the detailed product level. We analyze trade creation and diversion effects of tariff elimination and partial removal of non-tariff barriers. We found that the TTIP can increase Poland’s trade with the US by around 45 percent with a limited impact on its trade with the European Union (EU) members. Subsequent general equilibrium simulations show that trade diversion effects of the TTIP are substantial, while the welfare benefits of the agreement are limited.

Keywords: TTIP; tariff equivalents of NTMs; general equilibrium models; partial equilibrium models; agri-food sector; Poland (search for similar items in EconPapers)
JEL-codes: C63 C68 F13 F14 F15 F17 F47 Q17 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://cejeme.org/publishedarticles/2021-51-02-637662019189012915-5294.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:psc:journl:v:13:y:2021:i:1:p:75-103

Access Statistics for this article

More articles in Central European Journal of Economic Modelling and Econometrics from Central European Journal of Economic Modelling and Econometrics
Bibliographic data for series maintained by Damian Jelito ().