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This paper reviews the history of bilateral trade negotiations between Taiwan and the U.S. The question posed at the outset is: does bilateralism enhance or jeopardize multilateralism? The U.S.-Taiwan experience seems to suggest a grossly negative answer. Bilateral negotiations for market...
Persistent link: https://www.econbiz.de/10013218908
We consider a 3 country world in which each country's import market is served by competing exporters from its 2 trading …
Persistent link: https://www.econbiz.de/10013213422
the role the WTO might play in guiding them. Two facts form the departure point: 1) Regionalism is here to stay; 2) the … motley assortment of regional trade agreements is not the best way to organise world trade. Moving to global duty-free trade … and uses it to structure a narrative of world trade liberalisation since 1947. The logic is then used to project the world …
Persistent link: https://www.econbiz.de/10012778295
GATT and its successor, the WTO. We show that GATT's principle of reciprocity serves to neutralize the world-price effects … provided that the externa- lities associated with trade intervention travel through world prices. We then establish that …
Persistent link: https://www.econbiz.de/10013239353
This paper investigates the theory and evidence that history plays a role in shaping the direction of international trade. Because there are reasons to anticipate a positive correlation between the predominant direction of trade flows in the past and membership in preferential arrangements in...
Persistent link: https://www.econbiz.de/10013212584
Several of the recently negotiated regional trade agreements (Canada-U.S., NAFTA, E.C.-Hungary/Poland/Czeck and Slovak Republics) contain significantly fewer concessions by the large countries to smaller countries than vice versa. Yet, it is small countries that have sought them and see...
Persistent link: https://www.econbiz.de/10012763469
barriers, and eventually add fresh impulse to new multilateral WTO negotiations. In commercial policy terms, the US interest in … entirely in the WTO by 2015. In key non commodity trade areas (services, investment, intellectual property, temporary entry of …
Persistent link: https://www.econbiz.de/10013324133
Vietnamese firms to the 2007 WTO accession. Our result show that WTO accession is associated with higher probability of exit …
Persistent link: https://www.econbiz.de/10012947908
A free trade agreement supports global free trade since trade barriers tend to divert trade in favor of members, but not reduce imports. The term: 'mutual assured deterrence' is used to refer to a regional free trade association that has the feature that no member can gain individually from the...
Persistent link: https://www.econbiz.de/10013221867
We explore the impact of the formation of regional free trade agreements on the ability of countries to maintain low cooperative multilateral tariffs. We assume that countries can not make binding international commitments, but are instead limited to self-enforcing arrangements. Specifically, we...
Persistent link: https://www.econbiz.de/10013224867