This article argues that although the Most Favoured Nations principle is a hallowed cornerstone of the GATT/WTO Law, its application in practice, with all the available exceptions, does not really appear to provide a level playing field for all nations, as the principle promises

A fundamental difference between multilateral trade agreements like the GATT and WTO and a preferential agreement is the multilateral agreements' inclusion of a most-favoured-nation principle. Though MFN requires that members implement policies that provide equal treatment to all GATT/WTO...

In this paper, we assess the value of Russia's preferential imports from all trade partners and CIS countries in particular. Total value of preferential imports in Russia (both duty free imports as well as imports subject to the discounted MFN duty under GSP) is equal to ca 12% (37.8 USD bln.)...

We analyze the impact of the EU unilateral trade preferences on both the intensive and the extensive margin of trade. Using a tobit and probit estimation we find that the impact of unilateral trade preferences on both margins is strictly linked to the sector under analysis and to the type of...

Using a dataset of 101 countries over the 1960–2011 period, we examine the relationship between the real effective exchange rate (REER), on the one hand, and trade openness, trade balance, the terms of trade, factor productivity, and exchange rate regime, on the other one. We use new...

For many applicant countries, accession to the WTO has been, and still is, a frustratingly slow process. In this paper, we discuss the substantial, contentious issues that are slowing down rogress in accession negotiations. We contrast these with the benefits of WTO accession not only to the...