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 … explicitly into account can help explain a number of key features of real trade agreements. …

improve its trade standards and trade-handling capacity. A bilateral Free Trade Agreement would lift Bangladesh's exports to … numbers, based on existing trade patterns, represent a lower bound of the potential increase in Bangladesh's exports arising … from a Free Trade Agreement. A Free Trade Agreement would also raise India's exports to Bangladesh. India's provision of …