Jeffrey J. Schott

Cathleen Cimino-Isaacs

Policy Analyses in International Economics 104

Trans-Pacific Partnership

Gary Clyde Hufbauer

Diana Clark

"Thorough analysis of processes and consequences of proposals for extending NAFTA throughout the Western Hemisphere; seeks to assess both economic and political consequences of several avenues that might be followed, including impact on the global trading

Western Hemisphere Economic Integration

Daniel C. Esty

Diana Orejas

Luis Rubio

The North American Free Trade Agreement (NAFTA) was a proposal to advance regional integration of the United States, Canada and Mexico. This analysis reviews: the environmental provisions of the NAFTA; the NAAEC; the situation at the US-Mexican border; and the trends in US environmental policy.

Seven Years Later

NAFTA and the Environment

"The WTO after Seattle", presented by the Institute for International Economics, analyzes the problems and challenges facing the World Trade Organization after the failure of the Seattle trade ministerial in December 1999. The volume presents balanced perspectives on world trade problems by authors from the United States, Europe, Asia, and Latin America, with recommendations on what needs to be done in key areas to launch new talks.

The WTO After Seattle

Negotiations on a Free Trade Area of the Americas (FTAA) began in 1998. This study examines the prospects for the FTAA in light of economic and political turmoil in Latin America and the continuing impasse of US "fast track" authority. It also evaluates progress in the trade talks, challenges of the Quebec Summit in April 2001, and proposals for accelerating the target date of January 2005 for concluding negotiations.

Prospects for Free Trade in the Americas

Kimberly Ann Elliott

Institute for International Economics (U.S.)

This volume contains a review of evidence to assess whether sanctions work, to assess what determines their success and to assess why their effectiveness has declined. It looks at the uses of economic sanctions since 1914 and evaluates the effectiveness of sanctions as a policy tool. It contains 11 case studies of different countries which each include a chronology; the sanctioning country's objectives; the target country's response; the roles played by important third countries; relevant economic data and a calculation of costs; and an assessment of the outcome.

History and Current Policy

Economic Sanctions Reconsidered

Woan Foong Wong

The Doha Round marked its eighth birthday in November 2009, making it the longest running multilateral trade negotiation in the postwar era. Doha participants continue to disagree about prospective liberalization of agriculture and manufactures and have barely begun to consider reductions in barriers to trade in services. Negotiators have missed every deadline to conclude the talks, leading some to question the viability of the entire venture. After nearly nine years of inconclusive meetings, the trade talks are at a tipping point: A global trade deal is still possible with renewed political commitment to trade reform, but continued drift could result in the first outright failure of a multilateral trade round in the postwar era. This policy analysis shows that the Doha Round can still be successfully concluded with a concerted push by the major trading nations. Contrary to the Doha doomsayers, the potential gains from proposals now on the table are significant, albeit not sufficient to close a deal. The authors estimate the trade gains and GDP gains from a prospective Doha deal that "tops up" existing commitments to liberalize agriculture, manufactures, and services. They also suggest what each of the major trading nations needs to do to ensure the successful completion of a Doha package that is both ambitious and balanced between the interests of developed and developing countries.

Jeffrey J. Schott

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