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We propose a model of trade agreements in which contracting is costly, and as a consequence the optimal agreement may be incomplete. Inspite of its simplicity, the model yields rich predictions on the structure of the optimal trade agreement and how this depends on the fundamentals of the...
Persistent link: https://www.econbiz.de/10010320067
design and functioning of these dispute settlement mechanisms (DSMs) and, more specifically, how they differ from the WTO … of jurisdictional conflict between DSMs of RTAs and the WTO dispute settlement system. Literature mapping out and … WTO and were in force at the end of 2012, and consider a typology of these DSMs based on their nature and design. We also …
Persistent link: https://www.econbiz.de/10009755400
the WTO rules that deal with RTAs (GATT Article XXIV, the Enabling Clause, and GATS Article V), the main trends identified …With the creation of the World Trade Organization (WTO) in 1995, the pyramidal design of the international trading … economic policies of WTO Member States at the bottom of the pyramid. This article questions whether this vertical structure is …
Persistent link: https://www.econbiz.de/10013129233
At present, Regional Trade Agreements (RTAs) have proliferated extraordinarily in the world trade landscape. Some trade diplomats are coming to recognize the greater significance of regional competition policy and law and are arguing that RTAs are likely to prevent to create anti-competitive...
Persistent link: https://www.econbiz.de/10013125427
been notified to the World Trade Organization (WTO), which in theory quot;regulatesquot; them under Article XXIV of the … General Agreement on Tariffs and Trade (GATT).1 For example, free trade fever has reached such partners as Chile-China, Japan … which poses systemic risk to the WTO.2Far more than elsewhere in the world, United States free trade agreements in the …
Persistent link: https://www.econbiz.de/10012729137
litmus test for the EU's commitment to the WTO cause. When appropriate, the article draws parallels with existing EU …
Persistent link: https://www.econbiz.de/10012952938
This paper exams two mega-regional FTAs under negotiation at the time of writing, namely the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership, and exams what the implications may be - particularly of new rules in regulatory sectors hitherto untouched by...
Persistent link: https://www.econbiz.de/10012954529
this evolving relationship for the multilateral governance of trade at the WTO …
Persistent link: https://www.econbiz.de/10012897241
This book chapter offers a comprehensive review of the free trade agreement between China and ASEAN ("ACFTA"), focusing on the rules concerning tariff reduction (including the Early Harvest Programme), trade in services, dispute resolution, as well as the progress on the negotiations on...
Persistent link: https://www.econbiz.de/10012976802
The United Kingdom (UK) officially left the European Union (EU) in January 2020. While the nature of its future relations with the rest of the EU Members is couched in a Trade and Cooperation Agreement concluded in extremis in December 2020, it will cease to be part of several agreements...
Persistent link: https://www.econbiz.de/10013252428