Trade and Welfare Effects of New Trade Policy Instruments
FIW – Forschungsschwerpunkt Internationale Wirtschaft, Februar 2024, 222 Seiten,
Auftraggeber: Bundesministerium für Arbeit und Wirtschaft
Studie von: Österreichisches Institut für Wirtschaftsforschung
Online seit: 20.02.2024 0:00
Geoeconomic concepts are gaining importance in EU trade policy. In this context new trade policy instruments are designed to protect the internal market against unfair trade practices, coercive actions as well as to ensure sustainable supply chains and the protection of human rights. The study extensively overviews seven policy instruments: Anti-Coercion Instrument (ACI), Enforcement Regulation (ER), International Procurement Instrument (IPI), Carbon Border Adjustment Mechanism (CBAM), Corporate Sustainability Due Diligence (CSDD), Level Playing Field Provisions in the EU-UK Trade and Cooperation Agreement (LPF), and EU Regulation on Deforestation-Free Products (EUDR). Using gravity models and a quantitative general equilibrium trade model, the impact of the selected trade policy instruments on trade and welfare of the EU as well as Austria is estimated based on different scenarios.
JEL-Codes:F13, F14, F15, F18, F55, Q01, Q56
Forschungsbereich:Industrie-, Innovations- und internationale Ökonomie