While the EU is a customs union in merchandise trade (goods), it has not yet reached this stage of integration in service trade. How far the EU is from a customs union in service trade is very difficult to assess because of the nonquantitative nature of trade restrictions in this sector. The...

Andrew Berg and Anne Krueger present a review of an abundant literature, showing that there is a link between trade liberalization and poverty reduction that works mainly through the growth-inducing effects of trade. The existence of this link, therefore, becomes an important argument for...

Because of concern that OECD tariff reductions will translate intoworsening export performance for the least developed countries, trade preferences haveproven a stumbling block to developing country support for multilateral liberalization.We examine the actual scope for preference erosion,...

In this paper, we examine possible medium-term changes in EU trade policy, including the negotiation and implementation of Free Trade Agreements (FTAs) with regional entities like ASEAN and the NAFTA countries. We also examine the possible conclusion of the Doha Round of multilateral trade...

The new package of trade accords that was concluded at the World Trade Organisation's Bali Ministerial Meeting late last year was a fresh start for the battered international trade body. Yet defeat has been snatched from the jaws of victory. A small number of countries refuses to agree on a...