This paper analyzes the trade-off relationship between exports and horizontal FDI in response to a mutual recognition agreement (MRA) for technical regulations and certification procedures for import goods. As an MRA is concluded to reduce entry costs of exporting, multinationals (MNEs) derive...

The world economy recently witnessed a surge in trade remedies and non-tariff measures (NTMs) as new trade-restrictive measures. This study attempts to provide empirical evidence on the effects of new trade-restrictive measures, such as anti- dumping, countervailing measures, technical barriers...