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Tomorrow's Silk Road

Assessing an EU-China Free Trade Agreement

Tomorrow's Silk Road cover

Tomorrow's Silk Road

Assessing an EU-China Free Trade Agreement

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Description

This CEPS book comprises a first-ever economic and regulatory analysis of a possible Free Trade Area (FTA) between China and the EU, whose design is supposed to be 'deep and comprehensive'. It provides an overview of the global economic environment in which EU-Chinese economic relations have developed in recent years, including global value chains linking the two economies. The substance of the FTA design is then elaborated in nine, largely empirical and technical chapters ranging from tariff analysis (at the 6- and 8-digit level) and technical barriers to trade, to services, government procurement and investment. A third part comprises a CGE-model-based empirical simulation of the economic effects on GDP per member state (and on China), bilateral trade in goods and services, wages for workers with three distinct skill-levels and a series of goods and services sectors.

The year-long study was led by Jacques Pelkmans of CEPS, and the research was carried out by a team of trade specialists at CEPS in partnership with another team of researchers led by Prof. Joseph Francois of the World Trade Institute (WTI) in Bern.

Table of Contents

Executive Summary / Introduction / Part I: The Global and Bilateral Context / 1. Why an EU-China free trade area? / 2. China and the EU in a rapidly changing world economy / 3. Bilateral economic relations: Trade and investments / 4. Global value chains: Significance for the EU and China / Part II: Design and Substance of an EU-China FTA / 5. What would an EU-China FTA look like? / 6. Market access in industrial goods: An analysis of tariffs / 7. Market access in goods: Trade defence remedies / 8. Market access in agriculture: Tariffs and tariff-rate quotas / 9. Technical barriers to trade / 10. Reducing SPS barriers in an EU-China FTA / 11. Market access in services: China and the EU / 12. Public procurement / 13. Intellectual property rights and geographical indications / 14. State-owned enterprises (SOEs) and competition policy / 15. Investment and the BIT / Part II:Potential Economic Impact: A CGE-based simulation of effects of the FTA / 16. Introduction / 17. Trade and production linkages / 18. Removing tariffs and reducing NTM costs in a China-EU FTA / 19. Modelling the FTA between China and the EU / Part IV: Conclusions and Policy Implications / 20. Policy implications of an EU-China free trade agreement / References

Product details

Published Jun 19 2018
Format Paperback
Edition 1st
Extent 332
ISBN 9781786607874
Imprint Center for European Policy Studies
Illustrations 52 Graphs, 38 Tables
Dimensions 10 x 7 inches
Publisher Bloomsbury Publishing

About the contributors

Author

Jacques Pelkmans

Jacques Pelkmans is Senior Fellow at CEPS (www.cep…

Author

Joseph Francois

Joseph Francois is Managing Director and Professor…

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