The EU-Andean Trade Sustainability Impact Assessment (SIA) relates to the negotiations of the Trade Part of the Association Agreement being negotiated between the European Community and Andean region countries. The countries covered by the study include Bolivia, Colombia, Ecuador and Peru. Trade SIAs assess the potential impacts of proposed liberalisation on all pillars of sustainable development in order to help optimise policy decision-making. Consultation with key stakeholders in Europe and Andean countries is an important component throughout the SIA.
Trade SIAs assess not only the more traditional aspects of economic impacts (for example on trade and output growth), but also on the non-trade impacts of liberalisation (for example, social, environmental and development dimensions). The EU-Andean SIA includes a quantitative analysis of GDP components, an overview of the most significant industrial and services sectors, Andean countries’ external trade, existing legal and regulatory frameworks, the labour market situation and environmental issues. Following this, several alternative liberalisation scenarios are defined and analysed. Quantitative analysis is enhanced by additional econometric and qualitative analysis. The project includes detailed sectoral analyses and includes a series of policy recommendations.
The project was implemented by consortium of partners including DEVELOPMENT Solutions, the Centre for Economic Policy Research and the Institute for Development Policy and Management of the University of Manchester School of Environment and Development.
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