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Trade imbalances and multilateral trade cooperation

Marchetti, Juan; Ruta, Michele; Teh, Robert - 2012 - Manuscript date: 13 November 2012

Rising current account and merchandise trade imbalances marked the years before the global financial and economic crisis. These imbalances either contributed to or precipitated the crisis and to the extent that they create systemic risks, it is desirable that they be reduced. There are many...

Persistent link: https://www.econbiz.de/10009660542

Trade and environment : what can we learn from trade policy reviews?

Lim, Aik Hoe; Mathur, Sajal; Suk, Gowoon - 2020 - Manuscript date: 22 January 2020

In order to ensure transparency and to keep abreast of trade policies in support of sustainability, the WTO Committee on Trade and Environment (CTE) mandated the WTO Secretariat to compile and collate all environment-related measures notified to WTO. The database also includes...

Persistent link: https://www.econbiz.de/10012201136

Trade policies for a circular economy : what can we learn from WTO experience?

Steinfatt, Karsten - 2020 - Manuscript date: 12 June 2020

From its initial focus on minimizing waste generation, the circular economy has evolved into a broad-based approach to make resource use more sustainable. A big part of the appeal of a circular economy is the opportunities it creates not only for resource savings and better human health and...

Persistent link: https://www.econbiz.de/10012249342

How does the regular work of WTO influence regional trade agreements? : the case of international standards and the TBT Committee

McDaniels, Devin; Molina, Ana Cristina; Wijkström, Erik - 2018 - Manuscript date: 23 March 2018

This paper illustrates how the work of the WTO's standing committees is fuelling regulatory cooperation between WTO members, and inspiring RTA negotiators. We explore, as a case study, how the WTO TBT Committee has shaped provisions on international standards in RTAs, and focus on the extent to...

Persistent link: https://www.econbiz.de/10011847570

Use of currencies in international irade: any changes in the picture?

Auboin, Marc - 2012 - Manuscript date: May 2012

after the introduction of the euro and shortly after steps taken by the Chinese authorities to liberalize the use of the RMB … paper shows theoretical and practical reasons explaining the current dominance of the US dollar and the euro in the … dollar and the euro are enjoying a near-duopoly as settlement and invoicing currencies in international trade. The stability …

Persistent link: https://www.econbiz.de/10009539334

Trade and welfare effects of the WTO Trade Facilitation Agreement

Beverelli, Cosimo; Gourevich, Isabella; Heiland, Inga; … - 2023 - Manuscript date: 28 February 2023

The WTO Trade Facilitation Agreement (TFA) has been predicted to bring about an expansion in trade flows and real income gains. To date, there is still very limited empirical evidence on the actual post-implementation impact of the TFA. This paper provides an assessment, combining econometric...

Persistent link: https://www.econbiz.de/10014225999

Trade policy implications of a changing world : tariffs and import market power

Jakubik, Adam; Keck, Alexander; Piermartini, Roberta - 2022 - Manuscript date: 3 November 2022

Economic theory suggests that countries' tariff commitments in trade agreements reflect their import market power at the time of negotiations. However, as countries grow, their market power in different sectors can change in unforeseen ways and their commitments may no longer reflect changed...

Persistent link: https://www.econbiz.de/10013465908

How to design trade agreements in services : top down or bottom up?

Adlung, Rudolf; Mamdouh, Hamid - 2013 - Manuscript date: 18 June 2013

This paper deals with claims, recently raised in various circles, that structural faults in the General Agreement on Trade in Services (GATS) have prevented WTO Members from advancing services liberalization under the Agreement. The GATS is generally associated in this context with a bottom-up...

Persistent link: https://www.econbiz.de/10012882795

Mapping of dispute settlement mechanisms in regional trade agreements : innovative or variations on a theme?

Chase, Claude S. K.; Yanovich, Alan; Crawford, Jo-Ann; … - 2013 - Manuscript date: 10 June 2013

Regional trade agreements (RTAs) have become an indelible feature of the international trading landscape. Most, if not all, RTAs contain provisions that establish procedures for resolving disputes among their signatory members. Yet, the design and functioning of these dispute settlement...

Persistent link: https://www.econbiz.de/10012882796

International standards and the WTO TBT Agreement : improving governance for regulatory alignment

Wijkström, Erik; McDaniels, Devin - 2013 - Manuscript date: 19 March 2013

The WTO TBT Agreement obliges governments to use international standards as a basis for regulation, yet leaves a degree of flexibility with respect to the choice of standard, and the manner of its use. This interplay between obligation and flexibility has given rise to tension in various fora of...

Persistent link: https://www.econbiz.de/10012882797