Lawnmower

Skirts on Lawnmowers and Other “Non-Tariff” Barriers to Trade

Countries often use a variety of tactics to give their home-grown companies a leg up over foreign competitors, like requiring "skirts" on lawnmowers of competitors. These are non-tariff barriers.

read more
Man with tablet

The Rise of Global Value Chains (GVCs)

Thanks to technology and policy improvements, modern production is increasingly organized around the set of tasks required to bring a product to market, from invention to final use. These tasks form "value chains" of different firms in different places whose activities are precisely coordinated.

read more

China’s Lagging Services Economy

  Services represent just under 50% of gross domestic product in China compared with 63% in Russia, 70% in Brazil, and 52% in India. China could rebalance export oriented growth if it adopts a more open and transparent services economy. Domestic production of services in China is modest, yet China maintains restrictions on trade in services, making […]

read more

Trade in Services Agreement (TiSA)

  The last major services agreement was concluded by WTO Members in 1994, more than twenty years. ago. Global services trade has grown faster than the ability of new negotiations to keep pace. Transportation is more efficient. Digital transactions and e-commerce enable providers to reach global customers cheaply and quickly. The e-Bay phenomenon made small traders […]

read more

Trade Facilitation Agreement

  Members of the World Trade Organization (WTO) negotiated the 2014 Trade Facilitation Agreement (TFA) to expedite “the movement, release and clearance of goods, including goods in transit.” The TFA will come into force when two thirds of all WTO Members accept the agreement. What’s in the Agreement? The TFA contains 24 Articles focusing on […]

read more

How Much Do Countries Trade?

  World trade is a major – and growing  – driver of the global economy. According to the World Trade Organization (WTO), trade accounted for 30 percent of total global economic output in 2014, up from 20 percent in 1995. As the world has become increasingly globalized, trade has grown dramatically as a share of […]

read more
Soccer Ball

Avoiding Calvinball – Why trade rules matter

  In the wonderful comic strip of the same name, Calvin and Hobbes engage in endless games of “Calvinball,” a game where the players make up rules as they go along and no one wins. While great for building imagination, its players often end up in disputes. Playing Calvinball in commerce would have the same consequences, […]

read more
Pages 8 of 8
[if IE 8]
[if IE 8]
[if IE 7]
[if IE 7]
[if IE 6]
[if IE 6]
[if IE 8]
[if IE 8]
[if IE 7]
[if IE 7]
[if IE 6]
[if IE 6]