Baylis, Katherine R. - Agricultural and Applied Economics Association - AAEA - 2003
Most trade barriers are, by their very nature, bi-lateral. Since most countries trade with more than one country in … and products. This paper looks at the effect of a bilateral trade barrier on trade flows within a three-country free …-trading area. Specifically, this paper examines the trade distortion effects of the 1996 voluntary export restraint (VER) placed on …