Regionalism and Multilateralism: The WTO Perspective

Romanchyshyna, Iulianna

doi:10.1007/978-3-031-25791-9_3

European Yearbook of International Economic Law

2023

DOI: 10.1007/978-3-031-25791-9_3

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Regionalism and Multilateralism: The WTO Perspective

Iulianna Romanchyshyna¹

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2024

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Cited by 2 publications

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“…Relevant studies have emphasized that the purpose of deep trade agreements goes beyond merely reducing trade costs linked to tariff barriers; it also addresses the compliance costs associated with non-tariff barriers(Antràs and Staiger, 2012;Grossman, 2016;Limão, 2016;Romanchyshyna, 2023).ZhaobinFan et al / 33-67, Vol. 32, No.…”

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The Impact of High‐standard Free Trade Areas on the Diversification of China's Export Products: Expanding Market or Intensifying Competition?

Fan,

Bian,

2024

China and World Economy

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In the context of China's efforts to establish a global network of free trade areas and diversify its export products, this study explores the impact of trade agreement depth on China's export diversification. Building upon a trade model with multiproduct firms, we discover that the effect of trade agreement depth on export diversification is multifaceted, depending on the relative magnitude of the “market expansion effect” and the “competition intensification effect.” Through empirical analysis of China's exports to 132 countries (or regions) from 2000 to 2015, we find that the deepening of trade agreements affected China's export diversification negatively. This negative correlation was predominantly due to the similarity in comparative advantages between China and its trade partners, leading to the “competition intensification effect” overshadowing the “market expansion effect.” We also note that “natural” agreements, when deepened, were more likely to affect China's export diversification adversely than their “non‐natural” counterparts. Moreover, as export diversification increased, the marginal impact of deepening trade agreements exhibited an inverted U‐shaped trajectory.

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The Impact of High‐standard Free Trade Areas on the Diversification of China's Export Products: Expanding Market or Intensifying Competition?

Fan,

Bian,

2024

China and World Economy

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Impact assessment of multilateral trade agreements on regional economic growth based on quantitative model optimization

Zhang,

Wang

2024

Applied Mathematics and Nonlinear Sciences

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In the context of an increasingly complex international political and economic situation, major powers have promoted the formation of regional trade agreements of various forms and scope. The impact of MTAs on regional economic growth is explored in this topic, using the Regional Comprehensive Economic Partnership Agreement (RCEPA) as an illustration. Through mathematical modeling and quantitative assessment, a general equilibrium model of the impact of a multivariate trade agreement on regional economic development has been constructed. Different regions and industrial sectors related to the agreement are delineated, and different simulation scenarios are designed to assess the impact of MTAs on regional economic growth under different scenarios. The results show that the members and non-members of the MTA under different simulation scenarios are positively and negatively impacted to varying degrees, with Japan, Australia, and New Zealand among the RCEP members experiencing the most significant positive stimulus, with GDP growth of 3.95%, 2.89%, and 2.11%, respectively. Non-members had a negative impact on the scale of imports and exports and terms of trade, with the United States and India shrinking by 1.16% and 1.69%, respectively. Overall, the MTA contributes positively to the development of regional economic growth.

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Regionalism and Multilateralism: The WTO Perspective

Cited by 2 publications

References 46 publications

The Impact of High‐standard Free Trade Areas on the Diversification of China's Export Products: Expanding Market or Intensifying Competition?

The Impact of High‐standard Free Trade Areas on the Diversification of China's Export Products: Expanding Market or Intensifying Competition?

Impact assessment of multilateral trade agreements on regional economic growth based on quantitative model optimization

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