Global trade and payments data, although absolutely essential to an understanding of the pattern and direction of world commerce, are not completely unambiguous. Compilers of such data face numerous problems of definition and measurement of particular components of nations' aggregate external...

The paper discusses the balance of payments provisions of the GATT, particularly as they apply to developing countries. It argues that these provisions should be reconsidered, and strengthened, in the Uruguay Round of multilateral trade negotiations

The BOP safeguard provisions in the WTO are still haunted by the structure designed for trade and BOP relationship in the postwar Bretton Woods system. The provisions are not only incompatible with the contemporary monetary system but their legal obscurity also retain unproductive loopholes that...

In February 2015, Russian foreign trade continued posting the fall of main indices. Eurocommission considers that Russia remains among the leading countries which preserve different barriers that to a considerable extent hamper global trade