Trade Liberalization Strategies : What Could South Eastern Europe Learn From Cefta and Bfta? /

This paper explores the effectiveness of the Central European Free Trade Area (CEFTA) and the Baltic Free Trade Area (BFTA). Estimates from a gravity model and bilateral trade data support the view that both CEFTA and BFTA helped expand regional trade and limit the emergence of a "hub-and-spoke...

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Detalhes bibliográficos
Autor principal: Adam, Antonis
Outros Autores: Kosma, Theodora, McHugh, James
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2003.
coleção:IMF Working Papers; Working Paper ; No. 2003/239
Acesso em linha:Full text available on IMF
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520 3 |a This paper explores the effectiveness of the Central European Free Trade Area (CEFTA) and the Baltic Free Trade Area (BFTA). Estimates from a gravity model and bilateral trade data support the view that both CEFTA and BFTA helped expand regional trade and limit the emergence of a "hub-and-spoke" relationship between the CEECs and the European Union (EU). These empirical conclusions carry some important policy implications for the "second wave" of prospective EU members among Southeastern European Countries (SEECs). The paper argues that the SEECs should reconsider their bilateral approach to trade liberalization and move towards a multilateral free-trade area as exemplified by both the CEFTA and BFTA. 
538 |a Mode of access: Internet 
700 1 |a Kosma, Theodora. 
700 1 |a McHugh, James. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/239 
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