this report. The report also discusses the implications that these findings have for trade rules, and in particular for …

economic policy. In our empirical analysis, based on an extensive dataset covering most of world trade, we find that GSP tends …

, and identifies the main features of world trade and GVC participation that influence exposures to risks in supply chains … equilibrium (CGE) trade model METRO to shed light on the consequences of a stylised re-localisation policy scenario. In this … through trade. Quantitatively, the latter effect tends to dominate: re-localising GVCs would make the economy in most …