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World trade is increasingly ruled by preferential trade agreements (PTAs), but their precise nature remains relatively … Trade Center and the World Bank. The data set covers 5,203 products, 199 reporters, and 239 partners, representing … approximately 97 percent of world imports in 2016. There are three main findings. First, PTAs have significantly widened the scope …
Persistent link: https://www.econbiz.de/10012919077
Do regional trade agreements negatively impact non-members? This paper revisits this long-standing trade policy question using firm-level data and detailed information on the content of trade agreements. Differently from the conventional view on trade diversion, the analysis identifies a...
Persistent link: https://www.econbiz.de/10012858954
successful among them, with an estimated positive impact on its members' imports from the rest of the world (hence no trade … diversion), but its impact on their exports to the rest of the world is rather limited. During its first 10 years of existence …, ECOWAS appears to have had a positive impact on its members' imports from the rest of the world (hence no trade diversion …
Persistent link: https://www.econbiz.de/10012747754
Recent years have seen a surge in economic integration agreements (EIAs) and the development of non-tariff measures (NTMs). As a consequence, a growing number of EIAs include provisions on NTMs. However, little attention has been given in the literature to the effects of NTM liberalization in...
Persistent link: https://www.econbiz.de/10012973743
This paper reviews the theoretical and empirical literature on regionalism. The formation of regional trade agreements has been, by far, the most popular form of reciprocal trade liberalization in the past 15 years. The discriminatory character of these agreements has raised three main concerns:...
Persistent link: https://www.econbiz.de/10012976529
integrate faster internally than vis-?-vis the rest of the world: policies applied to trade with other ASEAN countries were … virtually the same as those applied to trade with rest of the world. Moreover, the recent commitments scheduled under AFAS did …
Persistent link: https://www.econbiz.de/10012970604
Participation in global value chains is a key element in the industrialization strategies of many developing nations. This paper investigates the role of services liberalization in promoting participation in global value chains. Using the gravity framework, it examines the impact of services...
Persistent link: https://www.econbiz.de/10012912353
The authors provide an overview of the preferential rules of origin in East Asia, highlighting the aspects that might possibly generate some trade-chilling effects. They review characteristics of existing preferential trade agreements with special emphasis on lessons from the European...
Persistent link: https://www.econbiz.de/10012747697
The Middle East and North Africa (MENA) region's trade performance over the past two decades has been disappointing. Efforts to boost trade through a plethora of regional trade agreements (RTAs) are underway. This study examines the potential contribution of regional trade agreements, as well as...
Persistent link: https://www.econbiz.de/10012748089
Preferential trade agreements have boomed in recent years and extended their reach well beyond tariff reduction, to cover policy areas such as investment, competition, and intellectual property rights. This paper uses new information on the content of preferential trade agreements to examine the...
Persistent link: https://www.econbiz.de/10012932697