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Regional integration could be turned into a basic factor for economic growth if combined with a strong economic-development-oriented governmental strategy. The effects of regional integration can be maximized for countries stressing open trade as opposed to creating trade-diverting conditions,...
Persistent link: https://www.econbiz.de/10010336949
Persistent link: https://www.econbiz.de/10012916378
As a result of deadlocked multilateral trade negotiations, many countries have embarked on the establishment of bilateral and regional trade agreements. Using the Global Trade Analysis Project database and a computable general equilibrium model, our paper focuses on the impacts of the...
Persistent link: https://www.econbiz.de/10014131490
Policymakers increasingly view China’s rapidly growing wealth as a threat. China currently ranks second, or perhaps even first, in the world in gross domestic product (although 78th in per capita GDP), and the fear is that China will acquire military prowess commensurate with its wealth and...
Persistent link: https://www.econbiz.de/10013226955
In recent years the bipolar multilateral trading system of the post-war years has given way to a multipolar alternative. Although many specifics have yet to be determined, some contours of this new trade policy landscape are coming into focus and in this short essay I examine their implications...
Persistent link: https://www.econbiz.de/10014050746
In her paper, Sylvia Ostry argues that if China had joined the GATT, the negotiations would have been far easier since market access under GATT was mainly about border barriers. But since the Uruguay Round the concept of market access has been extended to include not only domestic regulatory...
Persistent link: https://www.econbiz.de/10005292731
Preferential trade agreements have spread throughout Asia. However, they have not facilitated intra-regional trade as much as their supporters have suggested. The complexities of rules of origin – part and parcel of all preferential agreements – have resulted in low utilization rates in...
Persistent link: https://www.econbiz.de/10009747395
Preferential trade agreements are mushrooming in Asia. However, they have not been facilitating intra-regional trade as much as the supporters of these exclusive arrangements have suggested. The complexities of rules of origin - part and parcel of all preferential agreements - have resulted in...
Persistent link: https://www.econbiz.de/10009683223
The decades-long history of friendly relationships in both countries bore the fruits in the form of the Pakistan …–China free-trade agreement (PCFTA) in 2006. This paper aims to estimate Pakistan’s bilateral trade potential with China by … Pakistan’ bilateral trade with all FTA partner countries is positively affected by GDPs, religion, WTO, trade openness in both …
Persistent link: https://www.econbiz.de/10013228322
Trade facilitation is important based on the rationale that all of the processes of international transaction need to go through regulated procedures. Efficient management and implementation of these procedures are thus essential and can serve as one of the channels to enhance a country's...
Persistent link: https://www.econbiz.de/10013087845