Business dimensions of EU's new FTAs. Issue 7 (10th November 2017)

• Record Type: Journal Article
• Authors: Pelkmans, Jacques
• Is Part Of: Journal of European integration. Volume 39:Issue 7(2017)
• Page Start: 781
• Page End: 794
• Publication Date: 2017-11-10
• Subjects: EU trade policy -- Free Trade Area agreements -- transnational value chains -- trading costs -- CETA -- TTIP -- EU/Korea FTA -- EU/Japan FTA -- international business; European federation -- Periodicals; Political science -- Periodicals; Europe -- Economic integration -- Periodicals; 341.24205
• DOI: 10.1080/07036337.2017.1372432
• Languages: English
• ISSNs: 0703-6337

Abstract

Abstract: Recent Free Trade Area (FTA) agreements of the EU are 'deep and comprehensive'. This can be explained by the various and complex 'trading costs' that business encounters when accessing a foreign market and which business is keen to reduce as much as possible. The paper examines what 'deep and comprehensive' means more precisely in four EU FTAs: CETA and EU/Korea, and two FTAs that have not yet been completed (TTIP and EU/Japan). It provides a tentative explanation of the nature of these four modern EU FTAs by taking a closer look at the business dimension, in particular transnational value chains in some prominent sectors, the growing importance of services and inter-sectoral linkages.