@article{Kitou:331998,
      recid = {331998},
      author = {Kitou, Elisavet and Philippidis, George},
      title = {A quantitative economic assessment of a Canada-EU  Comprehensive Economic Trade Agreement},
      address = {2010},
      pages = {24},
      year = {2010},
      note = {Presented at the 13th Annual Conference on Global Economic  Analysis, Penang, Malaysia},
      abstract = {The first round of negotiations held in Ottawa on the 19th  October, 2009, heralded the opening of bilateral trade  talks intent on reaching a Canadian-European Union (EU27)  free trade area (FTA) agreement. A second round of  negotiations were staged in Brussels in January, whilst  further rounds are scheduled for 2010, with the longer term  aim of ratifying an agreement within 24-30 months. Although  stumbling blocs will be encountered, the divergent  political interests of each region are compatible. In  Canada, a FTA with its second largest trading partner  offers a viable alternative to its current overdependence  on the US. Similarly, the EU27 sees an opportunity to  regain a competitive foothold in the North American market.  This paper re-examines the long run trade led gains from a  Canada-EU27 FTA. Unlike previous studies, our assessment  also accounts for the HS6 level sensitive product  declarations submitted by both parties in the first round.  We examine the extent to which these proposals afford  protection to key strategic sectors and impact on trade led  growth and real incomes. All estimates are compared with a  realistic contemporary baseline scenario. The results  suggest that non tariff barrier (NTB) reductions dominate  real income gains, whilst sensitive product exceptions,  principally affecting wheat, dairy, wearing apparel and  leather sectors, reduce Canadian and EU27 real income gains  by 20% and 24%, respectively. Trade diversion impacts are  relatively marked for the US and EFTA, whilst China escapes  largely unscathed due to the pattern of its trade  specialisation.},
      url = {http://ageconsearch.umn.edu/record/331998},
}