What's the Point of Reciprocal Trade Negotiations? Exports, Imports, and Gains from Trade
This paper explains why trade-policy makers may prefer reciprocal trade negotiations (RTN) to unilateral tariff reductions (UTR) for economic reasons. It answers puzzles like 'Why WTO reciprocity?' and strengthens the unnecessarily weak case made for the WTO by those who downplay or dismiss benefits from foreign tariff reductions (FTR). Copyright Blackwell Publishing Ltd 2005.
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Volume (Year): 28 (2005)
Issue (Month): 1 (January)
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