Trade policy commitments to lower import tariffs and to maintain tariffs at low levels entail short and long-run political-economic costs and benefits. Empirical work examining the relationship between such commitments and the exercise of trade policy flexibilities is still relatively nascent,...

Trade and economic policy -- The modern trade debate among economists -- The making and impact of trade agreements in national legal systems -- The WTO : history, structure, and future -- WTO dispute settlement -- Special topics in WTO dispute settlement -- Tariffs -- Quantitative restrictions...