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 Doha Round continues to struggle on with its ultimate fate still largely uncertain. This paper, written as part of a broader initiative by the World Trade Institute (WTI), the Economic Research Institute for ASEAN and East Asia (ERIA) and Universitas Pelita Haparan (UPH) in the run up to the...

The deliberations at the Bali Ministerial Round seem to have broken the stalemate surrounding the food security provisions under the World Trade Organization (WTO) which in turn resulted in a tremendous impact on the ambitious Agreement on Trade Facilitation under the auspices of the...

Trade experts gathered at the European University Institute (EUI) to talk about the major challenges the World Trade Organization (WTO) is facing, more in particular in light of the upcoming Ministerial Conference in Bali (December 2013). Topics of discussion included the shift towards...

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

Trade liberalization has proceeded on the assumption that eventual aggregate welfare gains will exceed the losses. While compensatory mechanisms exist in most countries, they tend to be underfunded and ineffective. To begin to address this problem, the direct beneficiaries from trade...

Increasing moves away from multilateralism have created a fragmented trade and investment scenario where economies progressively combine the application of restrictive unilateral actions with bilateral and regional preferences. The application of, and exceptions to, the non-discrimination...

In the presence of sunk costs to exporting, preferential tariff liberalization may have a prolonged, dynamic effect on the pattern of a beneficiary country's exports. In particular, preferential tariff liberalization might trigger a geographic spread of exports to third markets outside the...

Market access is the most important liberalizing principle in the General Agreement on Trade in Services (GATS). It entails a general prohibition of quantitative restrictions, which however is conditional on commitments undertaken by Members in their respective Schedules of Commitments. Case-law...

Services is an inextricable component of any modern economy. There is strong evidence that the more economies shift towards the production of services, the higher are the positive spillovers to these economies as a whole. Services have contributed greatly to the economic development of many...