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The WTO Secretariat has published a new information note warning of possible increases to trade costs due to COVID-19 disruptions. The note examines the pandemic’s impact on key components of trade costs, particularly those relating to travel and transport, trade policy, uncertainty, and...
Persistent link: https://www.econbiz.de/10012882942
Proper measurement and aggregation of trade costs is of paramount importance for sound academic and policy analysis of the determinants - particularly those of policy - of economic outcomes. The international trade profession has witnessed signifcant new developments, both on the theoretical and...
Persistent link: https://www.econbiz.de/10012884398
Without direct access to a sea or ocean and isolated from the world’s largest markets, landlocked developing countries … sharply and for longer than the rest of the world. The report demonstrates the vital role the WTO Trade Facilitation Agreement … (TFA) can play in boosting output and facilitating world trade by simplifying, modernizing and harmonizing the movement …
Persistent link: https://www.econbiz.de/10013462993
The Trade Facilitation Agreement is the first multilateral trade agreement to be concluded since the WTO was established 20 years ago. Once it enters into force, the Agreement is expected to reduce total trade costs by more than 14 per cent for low-income countries and more than 13 per cent for...
Persistent link: https://www.econbiz.de/10012883315
This note discusses capital controls using insights from the trade policy literature. It highlights some key issues that have been neglected in the current international debate on capital controls. Capital is tradable in the same way as many goods and services are. As a result, much of the...
Persistent link: https://www.econbiz.de/10012884299
This study argues that trade policies regarding financial services are an important—but often neglected—determinant of capital flows and financial sector stability. Financial services trade liberalisation which promotes the use of a broad spectrum of financial instruments and allows the...
Persistent link: https://www.econbiz.de/10012884311
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