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5 - Non-tariff Measure Estimations in Different Impact Assessments

from Part II - Assessing and Benchmarking Policy

Published online by Cambridge University Press:  25 October 2019

By
Eddy Bekkers  and
Hugo Rojas-Romagosa
Edited by
Joseph Francois  and
Bernard Hoekman
Joseph Francois
Affiliation:
Universität Bern, Switzerland
Bernard Hoekman
Affiliation:
European University Institute, Florence
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Summary

Many recent free trade agreements (FTAs) are deep or comprehensive agreements that contain a large number of provisions on non-tariff measures (NTMs). This contrasts with the traditional shallow trade agreements that focused mainly on tariff reductions. Therefore, one of the main tasks of trade economists asked to predict the welfare effects of deep FTAs is to translate the NTM provisions into overall welfare effects. This can be achieved in two steps. First, the particular NTM provisions need to be translated into trade cost reductions, and second, welfare effects of the trade cost reductions are calculated with a general equilibrium model.

Type
Chapter
Information
Behind-the-Border Policies
Assessing and Addressing Non-Tariff Measures
 , pp. 100 - 127
Publisher: Cambridge University Press
Print publication year: 2019

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