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Progress in Global Trade Liberalisation – The WTO Agreement on Trade Facilitation: a Scarcely Reported Success in Times of Increasing Trade Protection

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Listed:
  • Erdal Yalcin
  • Felicitas Beier

Abstract

After lengthy negotiations, the World Trade Organization has been able to conclude a scarcely reported new multilateral trade agreement. In light of the increasing scepticism about trade agreements per se and nationally oriented trade policies, the Trade Facilitation Agreement of the WTO is an important success. If the rules laid down in this agreement are implemented swiftly and completely, GDP could grow by 0.54% per year. In the most conservative WTO scenario and over a period of ten years, GDP growth would still be 0.34%.

Suggested Citation

  • Erdal Yalcin & Felicitas Beier, 2017. "Progress in Global Trade Liberalisation – The WTO Agreement on Trade Facilitation: a Scarcely Reported Success in Times of Increasing Trade Protection," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(07), pages 40-50, April.
    • Handle: RePEc:ces:ifosdt:v:70:y:2017:i:07:p:40-50
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    References listed on IDEAS

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    1. John S. Wilson & Catherine L. Mann & Tsunehiro Otsuki, 2005. "Assessing the Benefits of Trade Facilitation: A Global Perspective," The World Economy, Wiley Blackwell, vol. 28(6), pages 841-871, June.
    2. Marc J. Melitz, 2003. "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," Econometrica, Econometric Society, vol. 71(6), pages 1695-1725, November.
    3. Kei-Mu Yi, 2010. "Can Multistage Production Explain the Home Bias in Trade?," American Economic Review, American Economic Association, vol. 100(1), pages 364-393, March.
    4. World Bank, 2017. "World Development Indicators 2017," World Bank Publications - Books, The World Bank Group, number 26447, December.
    5. John S. Wilson & Catherine L. Mann & Tsunehiro Otsuki, 2005. "Assessing The Potential Benefit Of Trade Facilitation: A Global Perspective," World Scientific Book Chapters, in: Philippa Dee & Michael Ferrantino (ed.), Quantitative Methods For Assessing The Effects Of Non-Tariff Measures And Trade Facilitation, chapter 8, pages 121-160, World Scientific Publishing Co. Pte. Ltd..
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    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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