Free trade and customs union agreements are the rage. Hundreds of bilateral and regional free trade agreements have been notified to the World Trade Organization (WTO), which in theory quot;regulatesquot; them under Article XXIV of the General Agreement on Tariffs and Trade (GATT).1 For example,...

This paper addresses the role of bilateral free trade agreements in U.S. trade policy and how their increased use has affected the multilateral trade system. It also considers the effects of bilateral trade deals on developing countries in terms of power bargaining and movement toward reciprocal...

Introduction -- Clearing the air. The Rockies, the Rockys, and 300 years of American trade ; The giant sucking sound ; A myth-busting interlude -- Six products that make the case for trade. The spice of life ; The most American car on the road ; The $10 banana ; How do you like them apples? ; A...

This volume of contributions from some of the world's best-known international trade economists explores and analyzes the various aspects of commercial policy in a way that standard texts in international economics do not.

Should the China-U.S. trade agreement prompt relief because it averts a damaging trade war or concern because selective preferential access for the United States to China's markets breaks multilateral rules against discrimination? The answer depends on how China implements the agreement....