The Latin America and Caribbean (LAC) region has untapped potential for trade and global value chains (GVCs) to grow in the wake of COVID-19. The gap between potential and actual GVC integration reflects LAC economic fundamentals such as geography, market size, institutions, and factor...

International economic integration offers unexploited opportunities to Latin America and the Caribbean. This report studies how the region's countries can leverage trade agreements to promote their economies' participation in global value chains (GVCs).The gaps between potential and actual GVC...

This paper presents new data on the content of preferential trade agreements. The data contain detailed information on the 18 policy areas most frequently covered in preferential trade agreements, focusing on the stated objectives, substantive commitments, and other aspects such as transparency,...

This paper examines the rationale for the rules on domestic subsidies in international trade agreements through a framework that emphasizes commitment. We build a model where the policy-maker has a tariff and a production subsidy at its disposal, taxation can be distortionary and the...

This paper examines the rationale for the rules on domestic subsidies in international trade agreements through a framework that emphasizes commitment. We build a model where the policy-maker has a tariff and a production subsidy at its disposal, taxation can be distortionary and the...

Regional trade agreements increasingly include provisions that regulate state-owned enterprises. This paper combines new information on the content of “deep” regional trade agreements and data on Chinese firm-level exports during 2000-11 to analyze the spillover effect of rules on...