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Cover Art
Author Adam, Antonis.

Title Trade Liberalization Strategies [electronic resource] : What Could South Eastern Europe Learn From Cefta and Bfta? / Antonis Adam.

Published Washington, D.C. : International Monetary Fund, 2003.


Location Call No. Status
Physical description 1 online resource (32 p.)
Series IMF Working Papers; Working Paper ; No. 03/239
IMF Working Papers; Working Paper ; No. 03/239
Summary 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.
Notes Description based on print version record.
Other author Adam, Antonis.
Kosma, Theodora.
McHugh, James.
Subject BFTA
Free Trade Area
Free Trade
Gravity Models
Home Bias
ISBN 1451875797 : 15.00 USD
ISSN 1018-5941
Standard Number 10.5089/9781451875799.001