The EU-Japan Economic Partnership Agreement and its Relevance for the Austrian Economy

Julia Grübler, Oliver Reiter and Robert Stehrer
Authors registered in the RePEc Author Service: Julia Gruebler

No 434, wiiw Research Reports from The Vienna Institute for International Economic Studies, wiiw

Abstract: Since the beginning of 2017, a paradigm change in international trade policy is observed. While protectionist agendas are on the rise, the EU and Japan signed an Economic Partnership Agreement (EPA) on 17 July 2018. It is the EU’s most ambitious agreement with any Asian state. The study estimates the effect of the EU-Japan EPA for Austria based on qualitative analysis and a structural gravity model. The model predicts small but positive effects of around 0.01% of GDP for Austria. Highest gains are expected for manufactured goods, particularly in the medium- and high-tech sectors. Abstract in German language Seit Anfang des Jahres 2017 vollzieht sich in der internationalen Handelspolitik ein Paradigmenwechsel. Während protektionistische Agenden an Fahrt gewinnen, unterzeichneten die EU und Japan am 17. Juli 2018 ein Wirtschaftspartnerschaftsabkommen (EPA). Es ist das ambitionierteste Abkommen der EU mit einem asiatischen Staat. Die Studie schätzt die Effekte des EU-Japan-EPA für Österreich mithilfe von qualitativen Analysen und einem strukturellen Gravitationsmodell ab. Für Österreich wurde ein kleiner, aber positiver Effekt von rund 0,01% des BIP errechnet. Es wird erwartet, dass vor allem der Fertigungsbereich in Mittel- und High-Tech-Sektoren von diesem Abkommen profitieren wird.

Keywords: economic partnership; free trade; EPA; FTA; EU; Japan; JEFTA; South Korea; tariffs; non-tariff measures; structural gravity model (search for similar items in EconPapers)
JEL-codes: D58 F13 O24 Q17 (search for similar items in EconPapers)
Pages: 39 pages including 5 Tables and 14 Figures
Date: 2018-11
New Economics Papers: this item is included in nep-int and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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