Abstract Since the Lisbon Treaty, European Parliament (EP) has considerably increased its competencies in Union (EU) trade policy. At same time, a ‘new generation’ of free agreements (FTAs), including Transatlantic Trade and Investment Partnership (TTIP) with United States, Comprehensive Economic Agreement (CETA) Canada, agreement Japan, have been negotiated by Commission. Although existing lit...

The paper focuses on regional trade agreements and economic co-operation and develops a new appropriate approach to study their impact on growth and trade. The approach is based on an endogenous trade-growth theory and novelly specified in an economic integration (expenditure) framework which is the conceptual foundation of regional trade agreements. Importantly, it also appropriately takes int...

Regional Trade Agreements such as ASEAN Free Trade Area (AFTA) are expected to increase the trade flows among member countries through trade creation and trade diversion. This paper employs the gravity model using manufacturing trade data to analyse this hypothesised effect in a time-varying context. The estimation results suggest that AFTA has expanded the trade substantially. The trade creati...

We study in this paper the welfare effects of different types of trade agreements and the equilibrium outcome of trade negotiation, when the objective of each government is politically motivated. We explore a three-country and three-good trade model with endogenous tariffs and export subsidies in a political economy framework. In this context, we suggest that the welfare effects of both bilater...