The logic for multilateral cooperation in trade and beyond becomes stronger, not weaker. A new governance forum will emerge, where negotiating will take place in country clubs instead of among members at the WTO. However, by breaking protocol, the US president has gained substantial bargaining...

The authors analyze whether the US-Japan Trade Agreement is consistent with GATT Article XXIV that carves out an exception to the WTO's "Most-Favored Nation" (MFN) principle. They conclude that the agreement is unlikely to meet the "substantially all the trade" criterion of GATT Article XXIV...

This report examines key aspects of the European Union-China economic relationship, including trade, investment and China’s key strategic project overseas, the Belt and Road Initiative (BRI). We conclude that China is, and will continue to be, a major trade and investment partner for EU...

Militärische Interventionen werden zunehmend durch Sanktionen ersetzt, um außenpolitische Ziele der globalen Sicherheit zu verfolgen. Beide Mittel verursachen ökonomische Kosten. Anhand des Gravitationsmodells des internationalen Handels und eines allgemeinen Gleichgewichtsmodells...