The bilateral WTO Agreement on Trade in Large Civil Aircraft (TLCA) of 1992 regulated the permitted levels of support for the European and American aviation industries. In October 2004, the U.S. unilaterally withdraw from the TLCA, right at the time of Boeing's then-impending loss of market...

India's graduation from the ranks of low-income countries, making it ineligible under the WTO rules to grant export subsidies on manufactures has thrown up a new policy challenge. In this context, this paper argues for the government to rethink its export incentives programme altogether and take...

In a three-country model of endogenous trade agreements, we study the implications of the Most Favored Nation Clause (MFN) when countries are free to form discriminatory preferential trade agreements (PTAs). While PTA members discriminate against non-member countries, MFN requires non-members to...