This paper evaluates the macroeconomic effects on the UK and the euro area of an increase in trade tariffs associated with Brexit, by simulating a dynamic general equilibrium model of the UK, the euro area, and the rest of the world (RW). Our results are as follows: first, the imposition of...

The UK is struggling to maintain a powerful global position against a backdrop of the British public having a longstanding difficulty in appreciating the benefits of EU membership. The success of the ‘leave' EU campaign has created huge uncertainty over future ties with the EU. The...

The Brexit vote precipitated the unravelling of the UK’s membership of the world’s deepest economic integration agreement. This paper reviews evidence on the realized economic effects of Brexit. The 2016 Brexit referendum changed expectations about future UK-EU relations. Studying its...

The European Union is one of the three largest actors in world trade and one of the world’s most influential regulators. This chapter gives an overview over the European Union’s rules for intra-EU trade, describing the EU customs union and its internal market including the “four...

The European Union-China relationship is one of the most important and least understood relationships in the world today. Where there used to be cooperation between the Chinese and the Europeans, competition has now emerged. This paper aims at understanding the potential of a trade partnership...

This is a research project by ten Austrian scientists under the supervision of Stefan Griller and Birgit Weidel. The project tackles a complex binomial area of law and international relations, i.e., the European Union's (EU) foreign and external economic relations, where there is a very vast...

The conclusion of the Transatlantic Trade and Investment Partnership (TTIP) constitutes a priority and key component of the external trade policy of the European Union (EU). It is also an immediate follow-up to several years of regulatory cooperation between the two global trade powers. In an...

The United Kingdom (UK) officially left the European Union (EU) in January 2020. While the nature of its future relations with the rest of the EU Members is couched in a Trade and Cooperation Agreement concluded in extremis in December 2020, it will cease to be part of several agreements...

The frequency, severity and economic impact of natural disasters are growing. Import surges resulting from disaster-response efforts can highlight underlying structural failings in the border clearance regimes of disaster-affected countries. Relief supplies, specialized personnel and agencies...

This paper studies the under-explored yet critical role of WTO's regular bodies, particularly focusing on the discussions of "trade concerns" within the Goods Council, its subsidiary bodies, as well as the General Council. These discussions are pivotal for the governance of international trade...