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The impact of trade liberalisation and CAP reform

The impact of trade liberalisation and CAP reform. October 2005 Tel: (44) 1865 268902 Email: acooper@oef.co.uk. Adrian Cooper Oxford Economic Forecasting. Five key findings of the research. The potential benefits are significant - around £1,500 a year for household of four.

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The impact of trade liberalisation and CAP reform

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  1. The impact of trade liberalisation and CAP reform October 2005 Tel: (44) 1865 268902 Email: acooper@oef.co.uk Adrian Cooper Oxford Economic Forecasting

  2. Five key findings of the research • The potential benefits are significant -around £1,500 a year for household of four. • EU could benefit most by reducing its trade barriers bilaterally. This could help it catch up with the US. • Core continental economies could gain more than the UK from CAP reform. • There are larger gains for developing countries. • Poorest tenth in UK gain proportionately much morethan top tenth.

  3. Europe’s under-performance Eurozone productivity falling behind US EU unemployment higher

  4. EU trade barriers are higher than US

  5. ‘Core’ continental economies have as much to gain as Britain

  6. Bilateral trade reform brings biggest gains for the EU and UK

  7. Liberalising first could help EU catch up with US

  8. Gains from CAP reform

  9. Poor countries are hit hardest…

  10. … and so benefit more

  11. In the UK the poor benefit most

  12. Five key findings of the research • The potential benefits are significant -around £1,500 a year for household of four. • EU could benefit most by reducing its trade barriers bilaterally. This could help it catch up with the US. • Core continental economies could gain more than the UK from CAP reform. • There are larger gains for developing countries. • Poorest tenth in UK gain proportionately much more than top tenth.

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