This study empirically demonstrates that there is indeed a positive relationship between trade and peace, by specifically showing that the physical state of peace and the structural elements of peace contribute to a country’s WTO membership, while WTO accession also contributes to achieving...

The problem of delayed implementation in prohibited subsidy disputes is a persistent problem in the WTO dispute settlement system. This article examines the WTO remedy system for enforcing WTO rulings in prohibited subsidy disputes to suggest some ways to improve the currently “ineffective”...

One of the important goals of trade facilitation is to lower the costs of trade that serve as a barrier to the developing countries from enjoying the benefits of increased trade and becoming integrated into global supply chains that account for nearly 60 percent of global trade today. The high...

Since the Korea-U.S. (KORUS) FTA entered into force on March 15, 2012, both sides have reviewed its status of implementation through various joint committee and working group meetings, and discussed ways to further advance their cooperation on bilateral trade issues for successful...

Previous literature has looked merely into the effect of trade facilitation on aggregate trade, or analyzed trade growth using the extensive and intensive margins. This paper blends these two lines of research for a detailed analysis of the impact of trade facilitation on trade by using highly...

The outcome of the bi-annual WTO ministerial gathering held in Nairobi, Kenya (MC10) can cautiously be evaluated as a 'stopgap solution' to the question of whether the Doha Round would stay alive post-Nairobi. In short, the small package of deals struck at the ministerial prevented the collapse...

The World Trade Organization (WTO) has treated agricultural subsidies as exceptional. This paper delves into the historical origin of the agricultural subsidies rules of the GATT/WTO. During the era of the GATT 1947, agricultural subsidies were subject to rules for general subsidies with a few...

This paper delves into the relationship between trade and competition, which has long been a subject largely untouched since the issue had been dropped from the multilateral trade agenda in 2003. The need to incorporate elements of competition policy into international trade rules has long been...

On June 25, 2013, President Barack Obama of the United States announced his Climate Change Action Plan, listing the specific policy measures regarding one of the top-priority issues of his second term. One of the measures is initiating a trade negotiation on environmental goods, suggesting that...