A Euro-Mediterranean deal in agro-food and fisheries trade: Long run impacts in Greece

We employ a heavily modified ‘agricultural’ variant of the GTAP model and a realistic baseline scenario to assess the impact on the Greek economy from a hypothetical ‘hub and spoke’ and a ‘FTA’ EUMED agro-food and fisheries trade agreement. Long run estimates show that Greek agro-food and fisheries sectors are not seriously affected, where surprisingly, trade diversionary losses to Greece from the FTA scenario are minor given minimal south-south trade links between Mediterranean Partner Countries (MPC). Further research shows that under complete CAP decoupling, notable additional welfare gains for MPC are realised, whilst Greece stands to lose approximately €300 million.


Issue Date:
2010-01
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/118572
Published in:
Agricultural Economics Review, Volume 11, Issue 1
Page range:
5-16
Total Pages:
12




 Record created 2017-04-01, last modified 2017-08-22

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