One of the main objectives of the Bretton Woods negotiations was to guarantee the firm control over competitive exchange rate devaluations, which had worsened the effects of the economic crisis of the 1930s. The par value exchange rate system was thus created, representing a link between the...

This paper argues that preferential trade agreements (PTAs) and the World Trade Organization (WTO) are not substitutes, and while PTAs are without doubt here to stay, dispensing with a multilateral venue for doing business in trade matters is not a serious option. It is therefore necessary to...

This paper aims to understand and examine one of the domestic determinants of Brazilian foreign trade policy strategies from 1995 to 2010, focusing on the articulation of its trade policy with its foreign policy at large. Thus, the role of multilateralism and regionalism in Brazilian foreign...

This paper analyzes the multilateral regulation of international trade in agriculture from the GATT/1947 to the Doha Round, under the auspices of the WTO. From a historical-analytical perspective, the international context in which the multilateral system has been built is presented taking into...

The objective of the present paper is to analyze the Trade Defence Policy of the BICs, in the last 15 years, with emphasis to similarities and contrasts. The paper starts with the exam of the main issues of trade defence regulation as established in the GATT and the WTO. Then it moves to the...

This paper aims to analyze how the waves of regionalism represented changes in the way trade policy has been conducted, expanding the game of political negotiation with variable geometry and determining its influence on the political regulation of international trade. To do so, the concept and a...

This study aims to analyze the commitments undertaken by Russia at the moment of its accession to the World Trade Organization (WTO), in order to evaluate the impacts that these may have on the multilateral trading system. Russia was the last main economy outside the WTO. In order to allow its...

Using a new, global data base covering the years 1950 to 2015, we study the impact of sanctions on international trade and welfare. We make use of the rich dimensionality of our data and of the latest developments in the structural gravity literature. Starting with a broad evaluation by sanction...

Significant measures were undertaken by India and Pakistan to liberalize trade in 2012. In particular, Pakistan's policy to permit all items to be imported from India except for a few items was expected to bring about a quantum increase in India's exports. Similarly, India's efforts to address...