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Bilateral and regional cooperation initiatives in Asia have been growing in importance over the last five years.These accords span the real and financial sectors; rather than following the more typical pattern of "trade first,money later", recent policy initiatives involve the simultaneous...
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After considering the background to the G20 summit meetings after the recent global economic and financial crisis, this paper aims to identify the trade agenda that represents Asia's concerns for the global and regional trading system. Asia, in particular East Asia, has played an important role...
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created Factory Asia is not subject to WTO discipline (bindings); (iii) there is no "top-level management"; to substitute for … WTO discipline, to ensure that bilateral trade tensions - tensions that are inevitable in East Asia - do not spill over …'s unilateral tariff cuts into the WTO. …
Persistent link: https://www.econbiz.de/10011281488
case of China's recent WTO accession will overstate the increase in China's trade flows by 40 percent, welfare by 15 … drawbacks are ignored. The bias in the estimates of China's real GDP, trade flows, and welfare changes due to WTO accession … inputs at world prices, thus increasing their competitiveness, while maintaining the protection on the rest of the economy …
Persistent link: https://www.econbiz.de/10005079963
An important issue in multilateral trade negotiations is the approach taken to reduce tariffs. The authors believe that there are important advantages in formula approaches and survey a range of options between the sharply top-down Swiss formula and proportional cuts in tariffs. Over the range...
Persistent link: https://www.econbiz.de/10005133910
World trade volume is in retreat for the first time in more than two decades and the contraction is on a scale not seen … crisis and is a major source of external demand for developing Asia and Pacific economies. US import and export data are … examined to understand the repercussions of the crisis for international trade, particularly for export-oriented economies in …
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