The Cost of Non-Europe in the Single Market. Part I – Free Movement of Goods

Cost of Non-Europe Reports identify the possibilities for economic or other gains and/or the realisation of a ‘public good’ through common action at EU level in specific policy areas and sectors. This Cost of Non-Europe Report seeks to analyse the costs for citizens, businesses and relevant stake-holders of remaining gaps and barriers in the European Single Market, building on and updating the 1988 Cecchini Report, which quantified its potential benefits.

Part I – Free Movement of Goods

This particular study – the first in a series – uses an econometric model to estimate the potential benefits of removing existing barriers to foreign direct investment and non-tariff trade barriers within the European Union. The removal of existing trade barriers could boost total intra-EU merchandise exports up to 7 per cent in the long-term. These effects will vary by Member State, and by sector of the internal market.

Read the whole Study Part I here

IMF DOTS database, based on own calculations (values in current US Dollars).

EU COMEXT data (2013)

Source: EU COMEXT data (2013)

Note: The trade effects of removing the barriers to FDI and NTBs under the “Full Monti” scenario are visually exaggerated for the purpose of illustration.

Source: Own calculations

Notes: Entries for countries denoted with * should be considered with caution as prediction is based on imputed values for regulatory stringency regarding barriers to FDI and NTBs.

Notes: Entries for countries denoted with * should be considered with caution as prediction is based on imputed values for regulatory stringency regarding barriers to FDI and NTBs.

Summary of Findings

Source: Own calculations

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