2004년 기본골격 합의 도출 이후 특별한 성과를 내지 못한 채 계속 표류해온 DDA 협상이 인도네시아 발리(Bali)에서 개최된 제9차 WTO 각료회의(MC9: The 9th Ministerial Conference)를 통해 12년 만에 발리 패키지를 도출하는 성과를...

We study the welfare implications of a bilateral free trade agreement. The model is based on the recent trade literature that considers search and matching frictions in the labor market. We extend the model by incorporating country-level heterogeneity in terms of production technology,...

This brief discusses the implications of the recent WTO reform efforts led by leading economies and provides a guideline for Korea's multilateral trade policy under fast-changing global economic environment. In particular, the following three areas are of interest in this brief. First, the...

In 2012 September, APEC Leaders reached an agreement to endorse a list consisting of 54 environmental goods and reduce applied tariffs on these goods to 5 percent or less by 2015. It is such a remarkable accomplishment for several years of APEC's efforts since Early Voluntary Sectoral...