Business dimensions of EU’s new FTAs

• Autores: Jacques Pelkmans
• Localización: Revue d'integration europeenne= Journal of european integration, ISSN 0703-6337, Vol. 39, Nº 7, 2017 (Ejemplar dedicado a: Writing the Rules of 21st Century Trade: The EU and the New Trade Bilateralism), págs. 781-794
• Idioma: inglés
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• Resumen

  • 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.