The Concept Design of a 21st Century Preferential Trade Agreement describes the current status and possible future evolution of trade agreements. The individual contributions provide fine-grained analyses of the various challenges trade agreements face and how these differ across countries. The...

This study analyzes how Korea’s regional supply chain have been affected by the rules of origin of major FTAs to which Korea is a signatory party. When new rules of origin are introduced following the conclusion of an FTA, Korean final goods producers have two options. Option one: they can...

Scholarly literature abounds with the exposition of the role of preferential trade agreements (PTAs) in enhancing or reducing global economic welfare, specifically in the context of the WTO. However, the bulk of it is written by economists and predominantly confined to economic analysis....

This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a homogeneous...

This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a homogeneous...

Bangladesh is set to graduate from the least developed country status. Currently, Bangladesh benefits from preferential market access at zero tariffs to the European Union under the Everything but Arms scheme but its exports will no longer be eligible after graduation in 2026. Policy makers...

This paper sets up a model of trade, in which two countries with differing technologies specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a consumption good from the...

The last decade has witnessed an explosion in the number of regional trade agreements (RTAs). There seems to be a general if ill-defined belief on the part of many policy-makers, and among a number of academics as well, that there is more to a RTA than the traditional gains from trade. This...