scholarly journals Turning Crisis into Opportunity: Unfolding Ukraine’s Trade Potential with the Canada-Ukraine Free Trade Agreement

2021 ◽  
Vol 8 (2) ◽  
pp. 151-191
Author(s):  
Iryna Bogdanova

To offset the devastating effects of the trade war waged by the Russian Federation, Ukraine has undertaken laudable efforts since 2014 to negotiate new trade agreements with other states. Against this background, the negotiations of the Canada-Ukraine Free Trade Agreement were finalized and the agreement came into force on 1 August 2017. This article explores the positive impact of this agreement on bilateral trade flow between the states and describes its potential contribution to unfolding Ukraine’s trade potential.

China Report ◽  
2018 ◽  
Vol 54 (4) ◽  
pp. 442-466 ◽  
Author(s):  
Nguyen Xuan Trung ◽  
Nguyen Duc Hung ◽  
Nguyen Thi Hien

In this article, we use the technique of stochastic frontier estimation for the structural gravity model to analyse Vietnam’s bilateral trade and evaluate its exploitation of trade efficiency before and after its free trade agreements (FTAs) with China and India entered into force. The results from Vietnam’s bilateral trade data between 2000 and 2015 show that the ASEAN–India Free Trade Agreement (AIFTA) has had a positive impact on Vietnam’s bilateral trade flows while we found a remarkably negative effect on Vietnam’s exports but not imports after the entry into force of the ASEAN-China Free Trade Agreement (ACFTA). In addition, Vietnam’s participation in the regional trade agreements (RTAs) and FTAs has significantly reduced the costs of trade over time, and these impacts on Vietnam’s imports are much higher than those on Vietnam's exports.


1990 ◽  
Vol 84 (2) ◽  
pp. 394-443 ◽  
Author(s):  
Jean Raby

This is a good deal, a good deal for Canada and a deal that is good for all Canadians. It is also a fair deal, which means that it brings benefits and progress to our partner, the United States of America. When both countries prosper, our democracies are strengthened and leadership has been provided to our trading partners around the world. I think this initiative represents enlightened leadership to the trading partners about what can be accomplished when we determine that we are going to strike down protectionism, move toward liberalized trade, and generate new prosperity for all our people.On January 2, 1988, President Ronald Reagan of the United States and Prime Minister Brian Mulroney of Canada signed the landmark comprehensive Free Trade Agreement (FTA) between the two countries that already enjoyed the largest bilateral trade relationship in the world. The FTA was subsequently ratified by the legislatures of both countries, if only after a bitterly fought election on the subject in Canada. On January 1, 1989, the FTA formally came into effect.


2021 ◽  
Vol 23 (Fall 2021) ◽  
pp. 193-211
Author(s):  
Kaan Yiğenoğlu

This article scrutinizes relations between economic diplomacy and free trade agreements by focusing on the Turkey-UK free trade agreements which came into force in 2021. Accordingly, the article first introduces the concept of economic diplomacy, an important issue as it has been shown that bilateral trade agreements, nowadays preferred by many countries, can be used as a tool of economic diplomacy. The article then discusses the history and development of free trade agreements signed by Turkey, including its long-running experience of economic integration with the European Union. Although Turkey began establishing free trade agreements in the 1990s, it has been concentrating on and accelerating its use since 2000. Based on economic and political reasons underlying the free economic agreements, the reasons why Turkey and the UK have reached such an agreement are summarized. Economic relations between the two countries are then analyzed and the details of the agreement are investigated in the context of the changes that it provides.


2008 ◽  
Vol 8 (4) ◽  
pp. 1850152 ◽  
Author(s):  
Khondaker Mizanur Rahman ◽  
Rafiqul Islam Molla ◽  
Md. W. Murad

Most industrialized and industrializing countries of the world were highly nervous about the spread effect of the surge of investment, industrialization and economic growth in China during early years of the 2000s. They were anxiously searching for ways and means to protect their economic interests from this effect. To describe this phenomenon eloquently the mass media used the term `China factor in world trade.' Against this backdrop the Japan-Malaysia free trade agreement (FTA) under an economic partnership agreement was signed in 2005 and implemented from 2006 with the expectation that it would be able to protect their bilateral trade from the sharp edge of the China factor and further enhance trade and investment relationships between the two countries. This study examines its effectiveness in influencing their bilateral trade growth in the face of this so called China factor. From analyses of the time series data on Malaysia's trade during 1986-2007 it is observed that the bilateral trade between Malaysia and Japan became stagnant during 2001-2005 with an average annual value of US$25.35 billion as a result of the impact of the China factor. However, during 2006-2007, the initial two years of its operation, the FTA was able to minimize the impacts of the China factor and revamp the growth of the bilateral trade at a modest rate. It is projected that their bilateral trade will grow marginally and reach to US$50.34 billion in 2010; but the growth rate will start declining from that year. This, in effect, indicates that the China factor's massive impact has blunted the sharp-edge of the Japan-Malaysia FTA's `tactical merit' for promoting bilateral trade growth. As a result, it is found to have only a modest and short lived influence on bilateral trade growth in the presence of China's increasing involvement in Malaysia's industrial growth. However, for a more reliable assessment a longer experience of FTA will be required.


2009 ◽  
Vol 14 (Special Edition) ◽  
pp. 87-110 ◽  
Author(s):  
Musleh-ud Din Musleh-ud Din ◽  
Ejaz Ghani ◽  
Usman Qadir

This paper examines the prospects of expanding bilateral trade between Pakistan and China particularly in the context of the recently signed free trade agreement between the two countries. Using the augmented gravity model in the tradition of Rose (2004), the paper shows that there is significant potential for the expansion of bilateral trade between the two countries as a result of the free trade agreement. The paper also analyzes bilateral trade flows between the two countries in terms of a trade specialization index and the Grubel-Lloyd index of intra-industry trade. We show that bilateral trade between the two countries is heavily tilted in favor of China and that this situation may persist in the short term.


2019 ◽  
Vol 113 (2) ◽  
pp. 400-404

On January 4, 2019, the United States requested consultations with Peru with respect to its forest governance obligations under the 2007 United States – Peru Trade Promotion Agreement (PTPA). The PTPA has an environmental chapter with robust terms that were included largely at the insistence of members of Congress, reflecting concerns that a free trade agreement with Peru could increase the country's export of illegally logged wood to the United States. The request for consultations focused on Peru's decision to relocate its Agency for the Supervision of Forest Resources and Wildlife (OSINFOR) to within Peru's Ministry of Environment—a change that, in the view of the United States, “appears to conflict” with a PTPA obligation that “‘OSINFOR shall be an independent and separate agency.’”


2006 ◽  
Vol 11 (3) ◽  
pp. 431-466 ◽  
Author(s):  
Larry Crump

AbstractIt is unusual to find a negotiation not linked to at least one other negotiation. In some domains, such as international trade policy, we can identify negotiation networks with parties simultaneously involved in negotiations in global, multilateral, regional, and bilateral trade policy settings. A single party (i.e., a national government) will manage similar issues in all four settings and also manage these same issues with multiple parties in a single setting. International trade policy is one of many "linkage-rich" environments.This study examines the relationship between two discrete but linked treaty negotiations: the Singapore-Australia Free Trade Agreement of 2003 (SAFTA) and the United States-Singapore Free Trade Agreement of 2003 (USSFTA). Case analysis identifies five structural factors that enhance the potential and fundamentally shape the nature of negotiation linkage dynamics. If linkage occurs then role theory can be employed to define two functional role types, a link-pin party (Singapore in this study) and linked parties (Australia and the United States). Such theory and case analysis support the development of propositions and help establish guidance for managing negotiation behavior. Key structural characteristics that appear to create linkage dynamics in this study are used to build a four-part structural framework that maps the universe of negotiation-linkage phenomena and determines the fundamental nature of four discrete linkage conditions. This framework also provides descriptive and prescriptive guidance for managing strategy and power in linked negotiations.


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