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Since June 2018 Australia and the European Union have been negotiating a Free Trade Agreement. This book offers … insights from recognised experts in the field, from Australia, Europe and Asia, on the potential economic benefits to be reaped …, academics, and business leaders across Australia and the European Union. The book covers 21st century topics such as regulatory …
Persistent link: https://www.econbiz.de/10011956986
Much potential for trade liberalization exists in industries and markets with trade barriers that are prohibitive for all or many firms. In standard political economic theories of trade policy, observed prohibitive barriers must be globally optimal according to static government preferences,...
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We investigate to what extent the probability that a Specific Trade Concern (STC) is raised in the WTO against a Member in a given sector is affected by past reductions in applied tariffs. Employing an identification strategy based on 'new measures', we find evidence of a substitution of...
Persistent link: https://www.econbiz.de/10010419803
To date, government procurement has been effectively carved out of the main multilateral rules of the WTO system. This paper examines the systemic and other ramifications of this exclusion, from both an economic and a legal point of view. In addition to relevant elements of the WTO Agreements,...
Persistent link: https://www.econbiz.de/10010430680
Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...
Persistent link: https://www.econbiz.de/10010462834
Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...
Persistent link: https://www.econbiz.de/10010462864
behind a decade long experiment with populism that violated several World Trade Organization rules while Europe is …
Persistent link: https://www.econbiz.de/10012861924
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