This chapter evaluates a number of special legal issues facing the negotiating parties of the Trans-Pacific Partnership Agreement (‘TPP') as they develop a formal State-State dispute settlement mechanism. In particular, it looks at issues relating to conflicts of norms, conflicts of...

This paper provides a quantitative analysis of the new EU-Japan free trade agreement (FTA), the biggest bilateral deal that both the EU and Japan have concluded so far. It employs a generalized variant of the Eaton-Kortum (2002) model, featuring multiple sectors, input-output linkages, services...

With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it only seems a matter of time until protectionist policies cause a decoupling of global value chains. This paper uses a computable general equilibrium trade model calibrated with the...

The EU Corporate Sustainable Due Diligence Directive shifts the costs of compliance with social and environmental rules to private entities within complex supply networks.To ensure effective and cost-efficient implementation, the Directive should aim to reduce economic complexity. Regulations...

Amidst a changed global environment and with the goal to defend its geopolitical weight, the EU should provide public goods with EU value added, so that efficiency gains can be achieved at the EU level. We propose an expanded EU budget to serve the dual role of more automatic stabilisation and...

The way WTO dispute settlement balances WTO Members’ obligation to avoid unnecessary obstacles to international trade with their right to enact measures in pursuit of legitimate public policy objectives has drawn much criticism. The contours of this balance are about to stretched in a...

With ever-increasing political tensions between China and Russia on one side and the EU and the USA on the other, it only seems a matter of time until protectionist policies cause a decoupling of global value chains. This paper uses a computable general equilibrium trade model calibrated with...

The Transatlantic Trade and Investment Partnership (TTIP) is under negotiation. This report provides a detailed overview of EU-US agricultural trade. It analyses current barriers to trade, paying special attention to nontariff measures. This information is then used in a computable general...