Using detailed data on trade and tariffs from 1992-2007, we examine how the ASEAN Free Trade Agreement has affected … trade with non-members and external tariffs facing non-members. First, we examine the effect of preferential and external … Asia crisis. The results remain unchanged, suggesting that there is a causal relationship between preferential and MFN …

This paper shows that the WTO's Article XXIV increases the likelihood of free trade, but may worsen world welfare when … free trade is not reached and customs unions (CUs) form. We consider a model of many countries. Article XXIV prevents a CU … from raising its common external tariff, which makes CU formation less attractive and explains why free trade is more …

Labor market consequences are at the forefront of most debates on the merits of trade liberalization. Preferential … trade agreements (PTAs) have become the primary form of trade liberalization in most countries, and several studies have … shown that discriminatory and nondiscriminatory trade liberalization can lead to very different outcomes. Yet to date there …

We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy …

This paper reviews the theoretical and the empirical literature on regionalism. The formation of regional trade … agreements has been, by far, the most popular form of reciprocal trade liberalization in the last fifteen years. The … discriminatory character of these agreements has raised three main concerns: that trade diversion would be rampant, because special …

of the Canada - US Free Trade Agreement (CUSFTA) of 1989. We calibrate our model to the pre-trade liberalization stage …, simulate the trade liberalization, and compute the resulting growth rates of Canadian industry productivity, exports and …

regional trade agreements involving the US. We exploit the variation in the frequency with which the US has granted immediate … duty free access (IDA) to its Free Trade Area partners across tariff lines. A key finding is that the US has granted IDA … Uruguay Round (multilateral) 'concessions' have emulated subsequent (preferential) trade liberalisation. We conclude from this …

This paper posits a formal political economy model where the principle of reciprocity in multilateral trade talks … results in the gradual elimination of tariffs. Reciprocity trade talks turn each nation's exporters into anti …/influence of import-competing sectors and increasing that of exporters. In the next round of trade talks governments therefore find …

We examine the effect of regionalism on unilateral trade liberalization using industry-level data on applied MFN … effect of preferential liberalization on external trade liberalization are unfounded. …

analysis focuses on the more mundane (but quantifiable) economic issues, especially trade. The costs and benefits of the UK … leaving the EU are complex. Losses due to trade alone could be very substantial. Even under very optimistic assumptions, the … sum of the static and dynamic trade losses would be almost 2.2% of GDP. More pessimistic calculations would lead to a long …