Yang, Yongzheng; Hilaire, Alvin - International Monetary Fund (IMF) - 2003
Current U.S. trade policy stresses establishing free trade areas (FTAs) with partners spanning the globe. Motivations … include enhancing goods and services trade; stimulating investment flows; extending standards on intellectual property rights … importance of trade complementarity, trade diversion, and welfare losses for nonmembers. Agriculture and textiles play a central …