Market access negotiations in merchandise trade at the multilateral level cover tariffs and non-tariff measures (NTMs). While tariffs have been substantially reduced in earlier rounds, they remain high in certain areas and further reductions involve a number of complex technical issues. Some...

Overall, protection in goods and services now appears modest in developed and developing countries, but there are a number of products where protection remains high and liberalization could bring important benefits to developing countries. In absolute terms the greatest gains for developing...

While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To...