While multilateral trade negotiations have stagnated and tensions between major players have surged, bilateral and regional agreements seem to have run away with the trade agenda. There are over 300 agreements today, up from 50 in 1990. Most importantly, many of these agreements have extended their reach well beyond tariffs, aiming to achieve integration beyond trade, or ‘deep’ integration. A new eBook from the World Bank and CEPR focuses on the determinants of deep trade agreements, how they affect trade and non-trade outcomes, and how they might shape trade relations in a post-COVID-19 world.
MULTIMEDIA
VIDEO
Jul 19, 2021
The Economics of Deep Trade Agreements eBook Launch Event
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This CEPR-World Bank eBook brings together leading experts in international trade from academia and policy institutions to provide new analysis on the determinants of deep trade agreements, how they affect trade and non-trade outcomes, and how they might shape trade relations in a post-COVID-19 world.
Resources
Table of Contents
Foreword
Introduction: The economics of deep trade agreements
Ana Margarida Fernandes, Nadia Rocha, and Michele RutaThe economic impact of deep trade agreements
1. The enduring role of international integration in development
Pinelopi Goldberg and Tristan Reed2. Quantifying the impact of deep trade agreements: A general equilibrium approach
Lionel Fontagne, Nadia Rocha, Michele Ruta, and Gianluca Santoni3. Using machine learning to assess the impact of deep trade agreements
Holger Breinlich, Valentina Corradi, Nadia Rocha, Michele Ruta, Joao.M.C. Santos Silva, and Tom ZylkinPolitical economy and design of deep trade agreements
4. Lobbying on Deep Trade Agreements: How Large Firms Buy Favourable Provisions
Michael Blanga-Gubbay, Paola Conconi, In Song Kim, and Mathieu Parenti5. Global value chains and deep integration
Leonardo Baccini,Matteo Fiorini, Bernard Hoekman, Carlo Altomonte, and Italo Colantone6. Pro-competitive provisions in deep trade agreements
Meredith A. Crowley, Lu Han, and Thomas PrayerProtectionism at the border and beyond
7. The impact of preferential trade agreements on the duration of antidumping protection
Thomas J. Prusa, and Min Zhu8. Trade facilitation provisions in deep trade agreements: Impact on Peru’s exporters
Woori Lee, Nadia Rocha, and Michele Ruta9. Heterogeneous impacts of sanitary and phyto-sanitary and technical barriers to trade regulations: Firm-level evidence from deep trade agreements
Ana Margarida Fernandes, Kevin Lefebvre, and Nadia RochaServices trade and state intervention
10. Scoping services trade agreements: What really matters
Ingo Borchert and Mattia Di Ubaldo11. Trade barriers in government procurement
Alen Mulabdic and Lorenzo Rotunno12. The spillover effect of deep trade agreements on Chinese state-owned enterprises
Kevin Lefebvre, Nadia Rocha, and Michele RutaNon-trade issues in trade agreements
13. How preferential trade agreements with strong intellectual property provisions affect trade
Keith E. Maskus and William Ridley14. Deep integration in trade agreements: Labour clauses, tariffs, and trade flows
Raymond Robertson15. Trade agreements with environmental provisions mitigate deforestation
Ryan Abman, Clark Lundberg, and Michele RutaConclusion
16. Why deep trade agreements may shape post-COVID-19 trade
Aaditya Mattoo, Nadia Rocha, and Michele Ruta -
This series of webinars on The Economics of Deep Trade Agreements brought together leading trade experts to present ongoing research on the determinants and consequences of regional trade agreements. The research program builds on new data and analysis on trade agreements by the World Bank and is co-organized by the Development Research Group and the Macroeconomics, Trade and Investment Global Practice. It aims at advancing our understanding of key issues in trade agreements and regional integration.
ORGANIZERS: Ana Margarida Fernandes | Nadia Rocha | Michele Ruta
PROGRAM
Date Title Link Tuesday
Oct. 27, 202010-11:30 am EDT
The economic impact of deep trade agreements
Chair: Caroline Freund
Income Distribution, International Integration and Sustained Poverty Reduction
Authors: Penny Goldberg, Tristan Reed
Reviewers: Jeffrey Bergstrand, William Maloney
Machine Learning in International Trade Research – Evaluating the Impact of Trade Agreements
Authors: Holger Breinlich, Valentina Corradi, Nadia Rocha, Michele Ruta, Joao Santos Silva, Tom Zylkin
Reviewers: Scott Baier, Yoto Yotov
A General Equilibrium Assessment of the Economic Impact of Deep Trade Agreements
Authors: Lionel Fontagne, Nadia Rocha, Michele Ruta, Gianluca Santoni
Reviewers: Gabriel Felbermayr, Nuno Limao
Watch the Replay Tuesday
Nov. 3, 202010-11:30 am EST
Political economy and design of deep trade agreements
Chair: Deon Filmer
Lobbying by Firms on Deep Trade Agreements
Authors: Paola Conconi, Michael Blanga-Gubbay, In Song Kim, Mathieu Parenti
Reviewers: Nuno Limao, Anna Maria Mayda
The Value of Deep Trade Agreements in the Presence of Pricing to Market
Authors: Meredith Crowley, Lu Han, Thomas Prayer
Reviewers: Paulo Bastos, Jeffrey Bergstrand
Designing Preferential Liberalization: The Role of Trade and Global Value Chains
Authors: Carlo Altomonte, Leonardo Baccini, Italo Colantone, Matteo Fiorini, Bernard Hoekman
Reviewers: Peter Egger, Daria Taglioni
Tuesday
Nov. 10, 202010-11:30 am EST
Protectionism at the border and beyond
Chair: Martin Rama
The Impact of PTAs on the Duration of Antidumping Protection
Authors: Thomas Prusa, Min Zhu
Reviewers: Kamal Saggi, Yoto Yotov
Impact of Trade Facilitation Provisions on GVC Firms
Authors: Woori Lee, Nadia Rocha, Michele Ruta
Reviewers: Russell Hillberry, Alberto Portugal
The Distributional Impact of SPS and TBT Regulations: Firm-Level Evidence from Deep Trade Agreement
Authors: Ana Fernandes, Kevin Lefebvre, Nadia Rocha
Reviewers: Scott Baier, Roberta Piermartini
Tuesday
Nov. 17, 202010-11:30 am EST
Services trade and state intervention
Chair: William Maloney
The Scope and Effect of Services Trade Agreements
Authors: Ingo Borchert and Mattia Di Ubaldo
Reviewers: Peter Egger, Sebastien Miroudot
Trade Barriers in Government Procurement
Authors: Alen Mulabdic, Lorenzo Rotunno
Reviewers: Julien Gourdon, Mario Larch
Containing Chinese State-Owned Enterprises? The Impact of Deep Trade Agreements on Firms' Exports
Authors: Kevin Lefebvre, Nadia Rocha, Michele Ruta
Reviewers: Ana Cusolito, Mario Larch
Watch the replay Tuesday
Nov. 24, 202010-11:30 am EST
Non-trade issues in trade agreements
Chair: Aaditya Mattoo
Trade Effects of Intellectual Property-Related Preferential Trade Agreements
Authors: Keith Maskus, William Ridley
Reviewers: Aaditya Mattoo, Kamal Saggi
Labor Provisions, Trade Agreements, and Trade Flows
Author: Raymond Robertson
Reviewers: Alvaro Gonzalez, Anna Maria Mayda
The Effectiveness of Environmental Provisions in Regional Trade Agreements
Authors: Ryan Abman, Clark Lundberg, Michele Ruta
Reviewers: Richard Damania, Gabriel Felbermayr
Watch the replay -
Data
Research
The Economic Impact of Deep Trade Agreements
Goldberg, P K, and T Reed (2020), “Income distribution, international integration and sustained poverty reduction”, World Bank Policy Research Working Paper 9342.
Fontagné, L, N Rocha, M Ruta, and G Santoni (2021), “A general equilibrium assessment of the economic impact of deep trade agreements”, World Bank Policy Research Working Paper 9630.
Breinlich, H, V Corradi, N Rocha, M Ruta, J M C Santos Silva, and T Zylkin (2021), “Machine learning in international trade research – Evaluating the impact of trade agreements”, World Bank Policy Research Working Paper 9629.
Political Economy and the Design of Deep Trade Agreements
Blanga-Gubbay, M, P Conconi, and M Parenti (2020), “Lobbying for globalization”, CEPR Discussion Paper 14597.
Baccini, L, M Fiorini, B Hoekman, C Altomonte and I Colantone (2021), “Global value chains and deep integration”, World Bank Policy Research Working Paper 9598.
Crowley, M A, L Han, and T Prayer (2021), “The value of deep trade agreements in the presence of pricing-to-market”, World Bank Policy Research Working Paper 9600.
Protectionism at the Border and Beyond
Prusa, T J and M Zhu (2021), “The impact of PTAs on the duration of antidumping protection”, World Bank Policy Research Working Paper 9638.
Lee, W, N Rocha, and M Ruta (2021), “Trade facilitation provisions in deep trade agreements: Impact on Peru’s GVC firms”, World Bank Policy Research Working Paper 9674.
Fernandes, A M, K Lefebvre, and N Rocha (2021), “Heterogeneous impacts of SPS and TBT regulations: firm-level evidence from deep trade agreements”, World Bank Policy Research Working Paper 9700.
Services Trade and State Intervention
Borchert, I and M Di Ubaldo (2021), “Deep Services Trade Agreements and their Effect on Trade and Value Added”, World Bank Policy Research Working Paper 9608.
Mulabdic, A, and L Rotunno (2021), “Trade barriers in government procurement”, World Bank Policy Research Working Paper 9602.
Lefebvre, K, N Rocha, and M Ruta, (2021), “Containing Chinese State-Owned Enterprises? The Role of Deep Trade Agreements”, World Bank Policy Research Working Paper 9637.
Non-trade Issues in Trade Agreements
Maskus, K, and W Ridley (2021), “Trade Impacts of Intellectual-Property-Related PTAs: Evidence from Using the World Bank Deep Trade Agreements Database”, World Bank Policy Research Working Paper 9659,
Robertson, R (2021), “Deep Integration in Trade Agreements: Labor Clauses, Tariffs, and Trade Flows”, World Bank Policy Research Working Paper 9599.
Abman, R, C Lundberg, and M Ruta (2021), “The effectiveness of environmental provisions in regional trade agreements”, World Bank Policy Research Working Paper 9601.