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Increasing moves away from multilateralism have created a fragmented trade and investment scenario where economies progressively combine the application of restrictive unilateral actions with bilateral and regional preferences. The application of, and exceptions to, the non-discrimination...
Persistent link: https://www.econbiz.de/10012249090
The WTO TBT Agreement obliges governments to use international standards as a basis for regulation, yet leaves a degree of flexibility with respect to the choice of standard, and the manner of its use. This interplay between obligation and flexibility has given rise to tension in various fora of...
Persistent link: https://www.econbiz.de/10012882797
Without transparency, trade agreements are just words on paper. Transparency as disclosure allows economic actors and trading partners to see how rules are implanted; transparency in decision-making ensures fairness and peer review. In the first section of this paper, I discuss the logic of...
Persistent link: https://www.econbiz.de/10012882799
This paper examines liberalization of the basic telecommunications sector in a number of Asian countries and the role of the General Agreement on Trade in Services (GATS) in this process. It begins by explaining the working of the GATS as a mechanism for multilateral liberalization efforts. It...
Persistent link: https://www.econbiz.de/10012884302
(GATS) at the World Trade Organization (WTO). It shows that the negotiations have contributed to more stable and transparent …
Persistent link: https://www.econbiz.de/10012884310
A major challenge for the multilateral trading system is to secure the benefits of trade liberalization without infringing on the freedom of governments to pursue legitimate domestic objectives. The difficulty lies in distinguishing between two types of situations. In one, a non-protectionist...
Persistent link: https://www.econbiz.de/10012884313
represented 83% of the world's population and 91% of the world's GDP in 2013. We address five questions: Do some countries have …, how liberalized is world trade? Our analysis documents the extent of cross-sectional heterogeneity in applied commercial … policy barriers remain as an important feature of the world economy. …
Persistent link: https://www.econbiz.de/10014023444
We provide a synthesis of the theoretical models that study the use of escape clauses, also known as safeguards, in multilateral and preferential trade agreements. We consider models that explain this type of flexibility based on economic efficiency, political economy shocks, and...
Persistent link: https://www.econbiz.de/10014023452
In this chapter I survey the recent theoretical and empirical advances in the economics of international trade agreements, focusing on three main topics: the motives for trade agreements; the design of rules and institutions for trade policy; and regional trade agreements.
Persistent link: https://www.econbiz.de/10014025380
as a consequence of the World Trade Organization (WTO) Agreement on Trade-Related Aspects of Intellectual Property Rights …
Persistent link: https://www.econbiz.de/10014025398