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Repealing NAFTA: The impact on international trade with focus on Mexico
Kolář, Daniel ; Semerák, Vilém (advisor) ; Cazachevici, Alina (referee)
The North American Free Trade Agreement came into force in 1994 after long and emotive discussions. When Donald Trump became the US president in 2016, its future became uncertain, which motivates this paper to attempt to quantify the impact of its repeal. To do that, it uses a standard GTAP general equilibrium model and models an increase of intra-NAFTA tariffs to the derived MFN rates. It finds that NAFTA repeal would notably reduce intra-NAFTA trade and have a modest but negative impact on countries' welfare. NAFTA repeal is estimated to decrease Canadian GDP by 0.48%, US GDP by 0.39% and Mexican GDP by 0.06%. It would severely damage US-Mexico value chains and increase income inequality in Mexico by hurting unskilled workers more. Additional simulations are performed to control for variation in sectoral MFN rates and to observe the sensitivity of results to the choice of closure. The only positive of NAFTA repeal is that it might mitigate regional economic disparities in Mexico by damaging sectors concentrating their production near the US-Mexico border. 1
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The current trade policy of India and its impact on Czech investors
Pyciaková, Tereza ; Bendíková, Soňa (advisor) ; Štipl, Zdeněk (referee)
Indian economy and trade policy have changed a lot during last 25 years. India opened to the world, became one of the emerging markets and attracted more investors. Trade policy needed to adapt to those changes. Also Czech investors are interested in Indian market and some of them already run their business in India with the help of traditional good relationships between India and Czech Republic. This thesis describes current trade policy of India, its autonomous and contractual tools, promising sectors of the Indian economy with emphasis on opportunities for Czech exporters.
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Free movement of goods and integration of the Czech republic
Šíšová, Lenka ; Šlosarčík, Ivo (advisor) ; Šmídová, Michaela (referee)
Diploma thesis "Free movement of goods and integration of the Czech republic" deals with the matter of free movement of goods in the European internal market and studies the development of the Czech integration in this area during her association with the EU. The diploma thesis monitors the period 1989-2006 and aims to evaluate whether the process was continual during the period or if it changed. The diploma thesis also evaluates if there were some significant problems during the process of the integration and searches for their reasons. Diploma thesis decomposes the problem into several partial problems, of which the most important are: goods flows between Czech Republic and the EU (mostly territorial and commodity structure..), technical aspects (technical harmonization, standards and norms, law convergence), economic context (GDP, balance of payments, etc.).
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Mexico's Trade Policy During the Pena Nieto Administration
Ferrara Torres, Geovanna ; Kozák, Kryštof (advisor) ; Benáček, Vladimír (referee)
Mexico's Trade Policy During The Pe Kryštof Kozák, Ph.D. Despite the efforts of trading with other countries, there is still a dominant economic dependence on the United States due to the NAFTA agreement. The master thesis studies Mexico's trade policy and its effects on trade during the Peña Nieto administration with particular attention paid to how the government has tried to diversify trade. A descriptive analysis is used with research in exports, imports and foreign direct investment.
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Repealing NAFTA: The impact on international trade with focus on Mexico
Kolář, Daniel ; Semerák, Vilém (advisor) ; Cazachevici, Alina (referee)
The North American Free Trade Agreement came into force in 1994 after long and emotive discussions. When Donald Trump became the US president in 2016, its future became uncertain, which motivates this paper to attempt to quantify the impact of its repeal. To do that, it uses a standard GTAP general equilibrium model and models an increase of intra-NAFTA tariffs to the derived MFN rates. It finds that NAFTA repeal would notably reduce intra-NAFTA trade and have a modest but negative impact on countries' welfare. NAFTA repeal is estimated to decrease Canadian GDP by 0.48%, US GDP by 0.39% and Mexican GDP by 0.06%. It would severely damage US-Mexico value chains and increase income inequality in Mexico by hurting unskilled workers more. Additional simulations are performed to control for variation in sectoral MFN rates and to observe the sensitivity of results to the choice of closure. The only positive of NAFTA repeal is that it might mitigate regional economic disparities in Mexico by damaging sectors concentrating their production near the US-Mexico border. 1
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Celní odbory a jejich dopad na obchod
Chudobova, Claire ; Štěrbová, Ludmila (advisor) ; Halík, Jaroslav (referee)
This paper concentrates on customs unions and their impact on trade. We have chosen two trading blocs that we believe are interesting cases: MERCOSUR and EU. Throughout the thesis, we will look more closely into how those customs unions were created and on what objectives were they based upon. Furthermore, to understand more precisely the complexity of those trading blocs, we will talk about their historical development and economical situation. As well as their attitudes towards international trade. For the latter, we will look into each trading blocs trade policies, institutions and presence in international trade. In order to understand better the differencies in trading blocs, a comaprison of those two will be later on discussed together with their impacts.
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The Analysis of Economic Relations between the USA and China with a Focus on Foreign Trade
Homolka, Jiří ; Bolotov, Ilya (advisor) ; Čajka, Radek (referee)
This bachelor thesis analyzes economic relations between the USA and China. The aim of this thesis is to analyze economic relations between the USA and China with a focus on foreign trade. The thesis consists of four chapters. The first chapter is an introduction to trade policy and its instruments, furthermore there is an introduction to the World Trade Organization. In the second chapter, the economies of the USA and China are introduced using the development of different macroeconomic indicators since the beginning of the millennium. The third chapter is about the roles of the USA and China in international trade and their commodity and territorial structures of foreign trade are compared. The fourth chapter is about economic relations between the USA and China. Trade related problems, channels of cooperation and the trade deficit that the USA has with China are described in this chapter. This is followed by information about the US presidential election in 2016 and the estimate of future developments in US-China trade relations.
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Deep and Comprehensive Free Trade Agreements (DCFTA) as a tool of EU trade policy
Žiga, Matúš ; Kučerová, Irah (advisor) ; Plechanovová, Běla (referee)
Presented master's thesis deals with comprehensive free trade agreements (CFTA) and deep and comprehensive free trade agreements (DCFTA) concluded or proposed by the European Union. Its objective is to identify necessary conditions for initiation of (D)CFTA negotiation, determine areas covered by (D)CFTAs and contemplate an effect of (D)CFTAs on EU's position. In the first part of master's thesis, theoretical framework needed for research is introduced. The concept of soft power as defined by Joseph Nye is presented. The inductive method is applied to scrutinize comprehensive free trade agreements between the EU and Canada, Colombia, Ukraine, Moldova, Georgia, and Tunisia, respectively. The research proved that the EU has never started DCFTA negotiation with an authoritarian regime. However, it is not a single condition for initiation of DCFTA negotiation, and four more conditions are defined. A broad scope of (D)CFTAs beyond tariff-related issues is demonstrated. DCFTA and CFTA differ about their relation to EU acquis. Approximation in selected areas is compulsory under DCFTA. Trough CFTAs, the EU was able to uphold EU and international standards and promote fundamental rights. Consequently, the EU's soft power has been enhanced thanks to (D)CFTAs.
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The current trade policy of India and its impact on Czech investors
Pyciaková, Tereza ; Bendíková, Soňa (advisor) ; Štipl, Zdeněk (referee)
Indian economy and trade policy have changed a lot during last 25 years. India opened to the world, became one of the emerging markets and attracted more investors. Trade policy needed to adapt to those changes. Also Czech investors are interested in Indian market and some of them already run their business in India with the help of traditional good relationships between India and Czech Republic. This thesis describes current trade policy of India, its autonomous and contractual tools, promising sectors of the Indian economy with emphasis on opportunities for Czech exporters.
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