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Mary Amiti, Mi Dai, Robert Feenstra, John Romalis

China has become the world’s largest exporter, with a rapid rise in its world trade share just after it joined the WTO in 2001. This column finds that China’s WTO entry reduced the US manufacturing price index by 7.6% between 2000 and 2006, with most of this effect arising from China reducing its own import tariffs.

Carlo Dade, Dan Ciuriak, Ali Dadkhah, Jingliang Xiao

This report uses econometric modelling and analysis to examine how Canada and other TPP signatories would fare under a TPP11; what the U.S. stands to lose; and, how the agreement would affect different sectors of the economy, including how changes in one sector will impact other sectors.

C. Fred Bergsten

The Trump administration’s strategy toward trade agreements in general, and the North American Free Trade Agreement (NAFTA) in particular, is fundamentally misplaced for two reasons: (1) its apparent desire to use trade policy rather than macroeconomic policy including exchange rate policy to reduce trade imbalances and (2) its focus on the bilateral rather than global scope of those imbalances

Cullen S. Hendrix

Despite agriculture’s modest contribution to GDP in all three partner countries, agricultural issues will be a thorny aspect of the NAFTA renegotiation—just as they are in other trade agreement negotiations. US and Canadian agricultural producers like NAFTA and will fight hard to preserve it.

Caroline Freund

After promising last year to terminate US participation in the North American Free Trade Agreement (NAFTA), President Donald Trump has opted for renegotiation in several areas, including in the “rules of origin” chapter.

Organization for Economic Cooperation and Development (OECD)

Against the background of rising anti-globalisation sentiment, this report argues that, while there are good reasons for some people to be angry, trade is not the root of many problems, nor can it solve them on its own. What is needed is an integrated approach to make the whole system work better for more people. This means three things.

World Trade Organization (WTO)

The purpose of this publication is to disseminate information on national experiences, best practices and recommendations with respect to the establishment and functioning of NCTFs.

Cathleen Cimino-Isaacs

The Trump administration has issued a wide array of often technical executive actions, “self-initiated” investigations, and other steps related to trade since taking office just over a hundred days ago.

Kangni Kpodar, Patrick Imam

The debate over regional trade agreements is ongoing. It has been argued that they can heighten exposure to shocks as they lead to more specialisation, and conversely that they can alleviate volatility by improving policy coordination within the anchors of a formal trade contract.

International Chamber of Commerce (ICC)

As countries are increasingly concluding bilateral and regional Preferential Trade Agreements (PTAs), diverging rules of origin regulations and procedures are becoming a trade barrier along the whole supply chain. This is becoming even more challenging in absence of a multilateral agreement on rules of origin, especially where new PTAs overlap existing ones.