Recent literature has explored both physical and policy linkage between trade and environment. Here we explore linkage through leverage in bargaining, whereby developed countries can use trade policy threats to achieve improved developing country environmental management, while developing...

The agreement recently signed between Morocco and the United States foresees several modalities in dismantling tariffs. Our simulations show that the various modalities of trade liberalization may have different impacts on the welfare, the rate of growth and the sectoral trade balance of these...

The General Agreement on Trade in Services (GATS) under the WTO is a newly-born and the first ever multilateral agreement on trade in services. Despite of potential development and welfare prospects abound in the services sector, only moderate liberalization has been achieved under the GATS and...

A basic assumption of the gravity equation of international trade is that increasing trade costs lower exports. But intuition and theory imply that a high export volume lowers bilateral trade costs as well, because a fixed cost intensive trade sector probably bears lower average costs with more...

ASEAN has been deepening intra-regional integration at the same time that it has been forming various cooperative arrangements with its partners, and its Member Countries have been pursuing individual trade accords. Which would be the optimal configuration for ASEAN? In this paper, we evaluate...

The aim of this paper is to investigate the effects of competing trade regimes on Serbian trade with its most significant (traditional) partners, like European Union and CEFTA 2006 signatories, and other untraditional trade partners with favourable trade regime, like the USA. To this end,...

The European Union and the Mercosur are actually negotiating an inter-regional Free Trade Area, even though the conditions of access of Latin American products to European market are relatively restrictive. In a matter of fact, the European Union's Commercial Policy is very discriminatory and is...

The European Union and the Mercosur are presently negotiating a Free Trade Area, and that may improve the conditions of access of Latin American exports to the European market. In a matter of fact, the European Union's Commercial Policy is very discriminatory and is not favorable to Mercosur...

The advantages of using gravity approach for modeling transition processes in foreign trade are the ability of gravity models to explain international trade pattern under the conditions of comparatively little amount of data and validity of theoretical background of the model to the economies in...