John Whalley, Yan Dong, 25 November 2008

Trade and environmental regimes may need to be more closely linked in a post-Kyoto world. This column discusses trade policy initiatives’ potential contribution to global carbon emissions reduction and the potential impacts of proposals for carbon-reduction-motivated geographical trade arrangements. It suggests that the need to link environmental and trade policy may render the WTO obsolete.

Antoni Estevadeordal, Caroline Freund, Emanuel Ornelas, 25 July 2008

Multilateral liberalisation is moving at a glacier pace while regionalism spreads like wildfire. Recent research suggests that at least in Latin America, regional tariff cutting induced a faster decline in external tariffs, but regionalism is more helpful precisely in the sectors where the multilateral system works best.

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