Albania : Trade Impact of CEFTA

Albania : Trade Impact of CEFTA

Regional free trade agreements (FTAs) have a sizable effect on exports and foster economic growth. While reducing tariffs in member countries, regional FTAs harmonize trade policy across regions and reduce regulation uncertainty for exporters. They...

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Bibliographic Details
Main Author: World Bank Group
Format: Brief
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
FREE TRADE AGREEMENT
TRADE IMPACT
FREE TRADE AREA
TRADE LIBERALIZATION
SERVICES TRADE
EXPORT COMPETITIVENESS
TRANSITION ECONOMIES
AGRICULTURAL TARIFFS
COMPETITION POLICY
TARIFF REDUCTION
TRADE POLICY
Online Access:http://documents.worldbank.org/curated/en/865891548426513058/Albania-Trade-Impact-of-CEFTA
http://hdl.handle.net/10986/31192
id okr-10986-31192
recordtype oai_dc
spelling okr-10986-311922021-05-25T10:54:36Z Albania : Trade Impact of CEFTA World Bank Group FREE TRADE AGREEMENT TRADE IMPACT FREE TRADE AREA TRADE LIBERALIZATION SERVICES TRADE EXPORT COMPETITIVENESS TRANSITION ECONOMIES AGRICULTURAL TARIFFS COMPETITION POLICY TARIFF REDUCTION TRADE POLICY Regional free trade agreements (FTAs) have a sizable effect on exports and foster economic growth. While reducing tariffs in member countries, regional FTAs harmonize trade policy across regions and reduce regulation uncertainty for exporters. They are particularly important for supporting trade in isolated countries such as Albania, a transition economy in the Western Balkans. This policy note looks at the impact of membership in the Central European Free Trade Agreement (CEFTA) on Albania's export growth. It finds that Albanian exports to CEFTA members have grown much faster than its exports to other countries. A large share of this growth is contributed by firms that did not export to CEFTA countries previously and via new exports that were among the least traded to CEFTA countries. We also measure the impact of CEFTA on Albanian exports using a gravity equation, which finds that CEFTA increased Albanian exports to member countries between 34 percent and 144 percent. 2019-02-01T17:38:54Z 2019-02-01T17:38:54Z 2018-12 Brief http://documents.worldbank.org/curated/en/865891548426513058/Albania-Trade-Impact-of-CEFTA http://hdl.handle.net/10986/31192 English Finance, Competitiveness and Innovation in Focus; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief Europe and Central Asia Albania
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic FREE TRADE AGREEMENT
TRADE IMPACT
FREE TRADE AREA
TRADE LIBERALIZATION
SERVICES TRADE
EXPORT COMPETITIVENESS
TRANSITION ECONOMIES
AGRICULTURAL TARIFFS
COMPETITION POLICY
TARIFF REDUCTION
TRADE POLICY
spellingShingle FREE TRADE AGREEMENT
TRADE IMPACT
FREE TRADE AREA
TRADE LIBERALIZATION
SERVICES TRADE
EXPORT COMPETITIVENESS
TRANSITION ECONOMIES
AGRICULTURAL TARIFFS
COMPETITION POLICY
TARIFF REDUCTION
TRADE POLICY
World Bank Group
Albania : Trade Impact of CEFTA
geographic_facet Europe and Central Asia
Albania
relation Finance, Competitiveness and Innovation in Focus;
description Regional free trade agreements (FTAs) have a sizable effect on exports and foster economic growth. While reducing tariffs in member countries, regional FTAs harmonize trade policy across regions and reduce regulation uncertainty for exporters. They are particularly important for supporting trade in isolated countries such as Albania, a transition economy in the Western Balkans. This policy note looks at the impact of membership in the Central European Free Trade Agreement (CEFTA) on Albania's export growth. It finds that Albanian exports to CEFTA members have grown much faster than its exports to other countries. A large share of this growth is contributed by firms that did not export to CEFTA countries previously and via new exports that were among the least traded to CEFTA countries. We also measure the impact of CEFTA on Albanian exports using a gravity equation, which finds that CEFTA increased Albanian exports to member countries between 34 percent and 144 percent.
format Brief
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Albania : Trade Impact of CEFTA
title_short Albania : Trade Impact of CEFTA
title_full Albania : Trade Impact of CEFTA
title_fullStr Albania : Trade Impact of CEFTA
title_full_unstemmed Albania : Trade Impact of CEFTA
title_sort albania : trade impact of cefta
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/865891548426513058/Albania-Trade-Impact-of-CEFTA
http://hdl.handle.net/10986/31192
_version_ 1764473810836258816

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