EconPapers    
Economics at your fingertips  
 

Multilateralism or Bilateralism: Trade Policy of the EU in the Age of Free Trade Agreements

Sevil Acar and Mahmut Tekçe ()

A chapter in Proceedings of the International Conference on Emerging Economic Issues in a Globalizing World, 2008, pp 272-284 from Izmir University of Economics

Abstract: Until 2006, trade policy of the European Union (EU) had mainly been focused on multilateralism embraced by the Doha Development Agenda (DDA). Meanwhile, the EU maintained an effective suspension on the opening of bilateral or regional negotiations where their increasing number was considered a ‘spaghetti bowl’ that creates problems for the international trading system. However, the suspension of the DDA negotiations in July 2006 forced the EU to reveal a new trade policy with the motto of “rejection of protectionism at home, accompanied by activism in creating open markets and fair conditions for trade abroad” which focuses on the removal of tariff and non-tariff barriers to trade of goods and services. Consequently, the EU gave pace to signing FTAs with its significant trade partners. This new trade strategy based on increasing FTAs and thus on bilateralism, which aims at the highest possible degree of trade, investment, and services liberalization, targets regulatory convergence and the abolishment of non-tariff barriers beside stronger provisions on intellectual property rights and competition. This paper discusses whether the new trade strategy of the EU leads to a distraction of the EU’s trade policy focus from multilateralism to bilateralism or it still remains committed to the WTO.

Keywords: Multilateralism; Bilateralism; trade policy; Free Trade Agreements (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://eco.ieu.edu.tr/wp-content/proceedings/2008/0817.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to eco.ieu.edu.tr:443 (Bad file descriptor) (http://eco.ieu.edu.tr/wp-content/proceedings/2008/0817.pdf [302 Found]--> https://eco.ieu.edu.tr/wp-content/proceedings/2008/0817.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:izm:prcdng:200817

Access Statistics for this chapter

More chapters in Papers of the Annual IUE-SUNY Cortland Conference in Economics from Izmir University of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ayla Ogus Binatli ().

 
Page updated 2021-07-29
Handle: RePEc:izm:prcdng:200817