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We propose a model of trade agreements in which contracting is costly, and as a consequence the optimal agreement may be incomplete. In spite of its simplicity, the model yields rich predictions on the structure of the optimal trade agreement and how this depends on the fundamentals of the...
Persistent link: https://www.econbiz.de/10005662007
new World Trade Organization (WTO). Many developing countries perceive the entwining of these social issues with trade … examines why these issues are becoming more prominent, whether the WTO is an appropriate forum to discuss them, and how they …
Persistent link: https://www.econbiz.de/10005123518
: 1) the World Trade Organization (WTO) and its predecessor the Generalized Agreement on Tariffs and Trade (GATT); 2) the … indicate that OECD membership (but neither GATT/WTO nor IMF membership) has had a consistently large positive effect on trade. …
Persistent link: https://www.econbiz.de/10005504751
currently covered by the WTO Agreement, such as investment protection, competition policy, labour standards and environmental … contents of all PTAs involving the EC and the US currently notified to the WTO, into 14 "WTO+" and 38 "WTO-X" areas, where WTO …+ provisions come under the current mandate of the WTO, and WTO-X provisions deal with issues lying outside the current WTO mandate …
Persistent link: https://www.econbiz.de/10005025516
While environmental and labour issues are not new to the GATT, nor to other trade policy fora, they are likely to have … a more prominent role in trade policy discussions in the years ahead for the newly formed World Trade Organization (WTO … becoming more prominent, whether the WTO is an appropriate forum to discuss them, and how they affect developing and other …
Persistent link: https://www.econbiz.de/10005124201
The US Corporate Average Fuel Economy (CAFE) regulation mandates, subject to a civil penalty, producers to achieve a certain fleet average fuel economy on sales of new passenger cars. Analysing the incentive effects of CAFE, we find that it affords differential tax treatment to car models with...
Persistent link: https://www.econbiz.de/10005504591
This Paper considers the economic analysis of non-tariff barriers in the context of disputes under Art. III of the GATT …. This article establishes the principle of National Treatment, which requires WTO Members not to introduce internal measures …
Persistent link: https://www.econbiz.de/10005114478
Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) is associated with more liberal trade … policy. Almost no measures of trade policy are significantly correlated with GATT/WTO membership. Trade liberalizations, when … they occur, usually lag GATT entry by many years, and the GATT/WTO often admits countries that are closed and remain closed …
Persistent link: https://www.econbiz.de/10005662054
In this paper production, trade and welfare effects of European integration are discussed, with particular emphasis on the effects for the EC and EFTA. Insight from previous partial and general equilibrium analyses of the internal market are reviewed, and new model simulations are presented. In...
Persistent link: https://www.econbiz.de/10005791472
(WTO), its predecessor the Generalized Agreement on Tariffs and Trade (GATT), and the Generalized System of Preferences … to find positive significant effects of GATT/WTO membership on trade. The GSP does seem to have a strong effect, and is …
Persistent link: https://www.econbiz.de/10005124331