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affected. One possible outcome of Brexit is a situation where WTO tariffs apply to merchandise trade between the UK and the EU … falling by 5% (Finland) to 43% (Bulgaria) taking into account the new tariffs and the elasticity of the trade response to this …
Persistent link: https://www.econbiz.de/10011565180
commitments under trade agreements (multilateral and regional agreements) and applied tariffs- what is also known as tariffs … equivalent to a level of tariffs between 1.7 and 8.7 percentage points. …
Persistent link: https://www.econbiz.de/10011280009
Market access negotiations in merchandise trade at the multilateral level cover tariffs and non-tariff measures (NTMs …). While tariffs have been substantially reduced in earlier rounds, they remain high in certain areas and further reductions …
Persistent link: https://www.econbiz.de/10010229111
in a given sector is affected by past reductions in applied tariffs. Employing an identification strategy based on 'new … measures', we find evidence of a substitution of non-tariff measures for tariffs both in the sample of TBT and in the sample of …. These results are consistent with our theoretical model, which predicts policy substitution between tariffs and standards in …
Persistent link: https://www.econbiz.de/10010419803
converted into equivalent tariffs and further, reduced over time. However each member country has the authority to choose the … tariff types when it converts NTBs to tariffs such as ad valorem tariff and specific tariff. The paper tries to find the … achieve this goal, the paper analyses the effects of tariffication of a fixed quota into tariffs on price, trade and welfare …
Persistent link: https://www.econbiz.de/10012942570
We demonstrate that durable MFN tariff elimination affects trade patterns through several layers, and magnitudes of effects are sizable. The WTO Information Technology Agreement's (ITA) unique setting allows us to overcome the challenges associated with identifying effects of non-discriminatory...
Persistent link: https://www.econbiz.de/10011882479
What does economics have to say about the design of international trade agreements? We review a literature on this question, providing detailed coverage on three key design features of the GATT/WTO: reciprocity, nondiscrimination as embodied in the MFN principle, and tariff bindings and binding...
Persistent link: https://www.econbiz.de/10014023454
The role of international trade was irreplaceable at the start of the COVID-19 pandemic crisis, especially the trade in medical supplies and food for all affected countries. Trade as a part of this crisis, certainly should not be an element of further countries' closing and new trade barriers...
Persistent link: https://www.econbiz.de/10014281859
model that incorporates bilateral tariffs and a number of indicators for the quality of infrastructure. The paper looks at … estimators, multilateral resistances for tariffs and remoteness are introduced in the gravity equation. Moreover, the robustness … included. The results can be summarised in four main findings: (i) bilateral tariffs, generally neglected in gravity regression …
Persistent link: https://www.econbiz.de/10010205559
-Pacific Partnership (TPP) suggests that the world trade system is fragmenting to the point it appears more like a jigsaw puzzle than a … spaghetti bowl. There are both regional and global jigsaw puzzles to be solved - in that order - to clean up the world trade … known, while piecing together the blocs around the world to form a coherent whole is even more challenging. In this context …
Persistent link: https://www.econbiz.de/10011281410