type="main" xml:id="twec12110-abs-0001" <title type="main">Abstract</title> <p>On the day before Brazil was to start imposing retaliatory sanctions against the United States in the WTO dispute settlement case regarding unfair domestic and export upland cotton subsidies, the parties have reached a preliminary concession aimed...</p>

The paper examines the economic implications of Bulgaria and Romania recent accession to the EU. The analysis has been carried out by using the GTAP model and database. In a first attempt, the effects of the removal of formal trade barriers and the adoption of common external tariffs are...