We investigate the response of US trucking firms to the removal of barriers to crossborder trucking under NAFTA. This was done via a program implemented in 2007, cancelled in 2009, and reinstated in 2011. We find that, unsurprisingly, the program's start resulted in lower stock returns,...

A new cooperation Agreement has been signed between the European Union and the 77 ACP Countries in Cotonou (Benin) on June 23rd 2000. A point of this agreement is regarding a new trade cooperation between these different countries in districts (or regions) gathered and the European Union, based...

A notable feature of many recent trade agreements is the gradual, rather than immediate, reduction of trade barriers. In this paper we model trade liberalization as a cooperative relationship that evolves gradually in a non-cooperative environment. We show that specialization, capacity...

The paper describes the current decision-making structure for trade policy formulation in the Philippines and compares it with the systems in selected countries. It cites difficulties in the current set-up, such as : 1) turf mentality among government agencies that tend to paralyze inter-agency...

This paper discusses the challenges confronting developing countries seeking to use WTO negotiations to promote their economic growth and performance. Progress will require that major stakeholders within countries perceive the overall package to be beneficial. A number of possible focal points...

The steady spread of preferential trade agreements is not a new phenomenon in the multilateral trading system. Striking is, however, the outstanding dynamics of the new bilateral and regional initiatives among the traditional trading powers - the EU, U.S. and Japan - in the most recent period....

Singapore, a small Southeast Asian country with limited resources, transformed itself from a trading post to a successful, cosmopolitan nation with one of the most impressive growth rates in the world. Less well known, however, has been its role in regional and global trade negotiations. This...

This paper provides a summary measure of the possible new commitments in the area of agricultural market access undertaken by the European Union and the United States, using the Trade Restrictiveness Index (TRI) as the tariff aggregator. Indicators such as the TRI, based on welfare theory,...

In March 2013, the EU and Japan launched negotiations for a comprehensive free trade agreement (FTA). The EU also announced starting of similar negotiations with the United States. Japan decided to join the Trans-Pacific Partnership under negotiation among 11 developed and developing nations in...

Agenda-setting disputes have become increasingly central to the conduct of multilateral trade negotiations. Introducing some simple concepts from Negotiations Theory, we focus on the dynamic interplay between the Doha Round’s agenda setting and bargaining stages, underlining their implications...