Lessons from the European Spaghetti Bowl
15 Pages Posted: 27 Apr 2013
Date Written: April 24, 2013
Abstract
European economic integration fascinates and inspires for the way it brought peace to a continent torn by violent and long-standing rivalries. The lessons from Europe, however, cannot be applied directly as the degree of the European Union’s supranationality is unthinkable elsewhere. This paper discusses how Europe overcame the specific problem of overlapping free trade agreements (FTAs) with the Pan-European Cumulation System which instituted common rules of origin, regional cumulation of value, and completed the full matrix of bilateral FTAs. After this, Europe had what can be thought of as a “customs union” for rules of origin.
Keywords: European economic integration, European union, EU, Europe, trade, free trade agreements, FTA, regional integration, rules of origin
JEL Classification: F15, F2
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Nafta's and Cusfta's Impact on International Trade
By John Romalis
-
How Regional Blocs Affect Excluded Countries: The Price Effects of Mercosur
By Won Chang and L. Alan Winters
-
Does Mercosur's Trade Performance Raise Concerns About the Effects of Regional Trade Arrangements?
-
By Baybars Karacaovali and Nuno Limão
-
By Nuno Limão
-
By Baybars Karacaovali and Nuno Limão
-
Market Access Bargaining in the Uruguay Round: Rigid or Relaxed Reciprocity?
By Joseph Michael Finger, Ulrich Reinke, ...