EconPapers    
Economics at your fingertips  
 

The expected economic impacts of the EU-Canada Comprehensive Economic and Trade Agreement in Finland

Saara Tamminen, Janne Niemi and Katariina Nilsson Hakkala

No 187, Research Reports from VATT Institute for Economic Research

Abstract: The CETA agreement aims to remove especially various non-tariff measures (NTMs) on trade and investment stemming from regulatory practices, in addition to the nearly full elimination of tariffs between the EU and Canada. This report analyses the expected impacts of the agreement to the Finnish economy with a GTAP CGE model and microdata analyses on the current trade structures. The expected GDP impact of 0.04 percent to Finland is slightly higher than the EU average (0.03 percent). In terms of value added, most sectors in Finland grow minimally as a result of the CETA. The highest bilateral trade effects are found for motor vehicles and transport equipment industries where both bilateral exports and imports are expected to increase by over 100 percent. Further, the extensive liberalisation of services trade is likely to have some positive effects for Finland as some 30-50 percent of the current domestic value added from Finnish exports to Canada originated from service exports. Even nearly total opening of public procurement markets to EU exporters in Canada is not, again, likely to result in very large benefits for EU firms in absolute terms, while some increases are possible. The reduction of fixed and marginal costs of exporting in the CETA agreement is likely to open the Canadian market to Finnish SME exporters, which have not entered the Canadian market as well as other export markets until now.

Keywords: EU:n ja Kanadan välinen kauppasopimus CETA; Suomi; taloudelliset vaikutukset; ex-ante; EU-Canada Comprehensive Economic and Trade Agreement CETA; Finland; economic impacts; ex-ante (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.doria.fi/handle/10024/149409

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:fer:resrep:187

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Research Reports from VATT Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Anita Niskanen ().

 
Page updated 2019-04-18
Handle: RePEc:fer:resrep:187