This document assesses the economic impacts of a free trade agreement between Canada and Korea, using the Global Trade Analysis Project (GTAP) CGE model and version 6 of its database (base year 2001). Five alternative scenarios are simulated based on a range of assumptions concerning the...

The literature on the impact of bilateral investment treaties (BITs) on foreign direct investment (FDI) has had difficulty establishing a robust effect of BITs on FDI flows. This conclusion extends to FDI chapters in free trade agreements (FTAs), which feature the same substantive content as...

The US-China trade deal has received at best a lukewarm initial reception from the trade policy community. China is to buy US$ 200 billion of US goods and services per annum in 2020 and 2021 above 2017 baseline levels; the US lowers tariffs by 7.5% on imports from China of US$120 billion of...

This note develops four alternative estimates of the trade-related impacts of the United Kingdom seceding from the European Union. We contrast two basic scenarios: an exit that re-sets the UK's relationship with the rest of the EU to a WTO-rules most favoured nation basis (“Brexit”), versus...

This study an analysis of the trade and economic implications of a Canada-ASEAN free trade agreement (FTA) using a dynamic computable general equilibrium model. The level of ambition is calibrated to be consistent with ASEAN's most ambitious FTA to date, namely that with Australia and New...

For apparently irreconcilable domestic political reasons, the United States is an outlier amongst economically advanced countries as the only one that does not have a value added tax (VAT), which is the conventional and WTO-sanctioned approach to applying an economically efficient and...

The infrastructure for services trade analysis has improved considerably with the development of databases on services trade for modelling purposes by the World Bank in its Trade in Services Database; on Mode 3 commercial presence trade in the form of foreign affiliate sales (FAS) data sets; on...

This note discusses the scale of the risks to bilateral UK-EU trade under alternative scenarios for the UK leaving the Union, including a hard Brexit, a soft EFTA-like Brefta, and the scope for the foregone UK-EU trade to be made up through alternative agreements. It comments on the risks to...