Significant reductions in tariff and non-tariff barriers as well as advances in information technology over the last decades have allowed countries to expand their production process beyond national borders, reflecting the increasing relevance of…
1.Motivation: The increasing relevance of time as a trade barrier; 2.The relationship between time and Global Value Chains (capital intensive goods are more sensitive to time); 3.Can the TFA promote a new wave of fragmentation?; 4.How the TFA is…
The drastic drop in fuel prices and the resulting fiscal constraints have compelled oil exporting countries to phase down fuel subsidies. This study with use of a simulation model developed by the World Bank has estimated the impact of increase in…
Trade facilitation has been in WTO agenda since 1996 and only in 2013 WTO Members were able to conclude an agreement to deal with that important issue to guarantee a freer international trade. From a marginal topic in the Doha Round negotiations,…