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.
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
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.
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