DIREZIONE GENERALE
PER LE POLITICHE DI INTERNAZIONALIZZAZIONE
OSSERVATORIO ECONOMICO

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Advantage and perspectives of an integrated trade area
in south eastern Europe
by Giuseppe Cassano and Savino Onelli

Rome, November 13, 2003

TABLE OF CONTENTS

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		Part I Outlook and prospects - A quantitative analysis (by Giuseppe Cassano)
		1.   An Estimate of the Export Potential of Balkan       Countries
		2.   The Current Degree of Trade Integration among the        Seven Countries
		3.   Current Trading Trends of the Area
		3.1 European Union
		3.2 The Relationship with Italy
		4.   The Impact of Establishing Regional Integration       Areas on Trade
		4.1 The Mercosur Experience
		4.2 The NAFTA Experience
		Part II Advantages of trade integration areas (by Giuseppe Cassano)
		5.   A Market of Greater Dimension – Economies of Scale -       Competitiveness
		6.   Capacity of Attraction of Foreign Direct Investment       (FDI)
		7.   More Negotiating Power
		8.   Greater Stability of National Policies-       Opportunities  for  the  Delocalisation of Enterprises
		9.   Greater “Security” of the Country
		10. Integration as an Initial Step Towards EU Accession
		11. A More Balanced Outlook for the Balkan Region       Compared to the Current Situation
		12. Fewer Trade Distortions
		13. Conclusions
		Part III Future trends following the implementation of a free trade area (by  di Savino Onelli)
		14. Overall Perspectivesi
		15. Specific advantages of the Area
		16. Final Considerations
		Appendix Statistical tables - index (files. pdf) (by Fabio Giorgio)
		Download (file .pdf)