This paper discusses the design of appropriate institutions for trade policy-making in Central and Eastern Europe. Drawing on US and EU experience it argues that legislatures should set the broad parameters, leaving commodity-specific detail to the executives. Sectoral Ministries, e.g. of Agriculture, Energy or Industry, should not control trade policy, a task which should fall to a special Ministry with close links to the Treasury and Ministry of Foreign Affairs. It should be clear precisely who is responsible for trade policy and the public should be informed both of their general interest in trade policy and of the costs and benefits of any particular action.
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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number
1043.
Find related papers by JEL classification: F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations H19 - Public Economics - - Structure and Scope of Government - - - Other K39 - Law and Economics - - Other Substantive Areas of Law - - - Other