Bacchetta, Marc; Piermartini, Roberta - 2011 - Manuscript date: 26 September 2011
One of the goals of the multilateral trading system is to enhance the stability and predictability of the environment … in which traders operate.Binding tariffs at the WTO reduces the scope for their discretionary use. But, countries have … at which countries have committed at the WTO is sufficient to diminish trade policy volatility is an empirical question …