The institutional features of the WTO motivate the use of renegotiation proofness as an equilibrium concept in repeated tariff-setting games. We show existence of a renegotiation-proof equilibrium that reduces tariffs below the noncooperative level. We find that the one-shot Nash equilibrium...

The greatest challenge for the EU in trying to identify an optimal response is understanding the motives behind the US strategy. The rhetoric, and more recently also actions, of the current US administration on trade and the global multilateral system are a real threat to the process of...

Aid-for-trade programs can help strengthen low-income countries’ supply capacity and knowledge of trade preferences, which will allow them to take fuller advantage of these preferences. Aid for trade to support preference reform can be divided into three categories: (i) creation of...

1. Introduction: World Trade Organization, Trade and Opportunities -- 2. Trade Policy and Price-based Barriers -- 3. Non-Tariff Barriers and Trade Flows -- 4. Trade, Environment and Climate Change -- 5. RTAs and Trade Integration -- 6. Emerging Issues under WTO -- 7. Conclusion.