Global goods trade accelerated in the five months from July through November amid strong US economic growth and a spurt in demand fueled by expectations of higher import tariffs. Trade in services, which...
Goods trade remained weak in the fourth quarter of 2023, capping the slowest year of growth for global commerce outside of a recession in the past 50 years. Trade in services grew robustly in the fourth...
Global goods trade picked up slightly in September and October 2023 amid signs of global demand recovery but remained below levels in the previous year. Services trade continued to recover, and travel...
This study examines the impact of bilateral air service agreements on air passenger transport in Africa and quantifies the consumer welfare effects associated with air transport liberalization. Using an...
This paper examines which product supply-side characteristics affect the resilience of traded products to the COVID-19 pandemic. Relying on monthly product-level exports by all countries to the United...
How has globalization affected the relative taxation of labor and capital, and why? To address this question, this paper builds and analyzes a new database of effective macroeconomic tax rates covering...
Sub-Saharan Africa represents only a small share of global production and trade while hosting half of the extreme poor worldwide. To catch up with the rest of the world, the continent has no alternative:...
The Philippines was among the most infected countries in East Asia at the onset of the COVID-19 outbreak. This study analyzes how international trade on various margins was affected by the country’s own...
This paper presents a new methodology to detect corruption in customs and applies it to Madagascar’s main port. Manipulation of assignment of import declarations to inspectors is identified by measuring...
This paper uses merged customs and administrative data from Serbian firms to quantify the impact of neighboring firms’ importing experience on the decision to start sourcing inputs from new markets. The...
Imports are becoming more important than ever in world trade in the face of rapid globalization and the spread of global supply chains. One way to boost imports is through efficient regulations and practices...
Value added tax (VAT) is the largest source of tax revenue on average in Latin America and the Caribbean (LAC), at 27.7 percent of total tax revenues in 2019. The need for action to ensure that VAT is...
This paper employs a matched firm production/innovation panel data set from Chile to explore the response of firm innovation to the increased competition arising from the China shock. In addition to covering...
Governments can maintain full regulatory control and yet fully liberalize restrictions to trade in services. African Continental Free Trade Area (AfCFTA's) protocol on trade in services explicitly recognizes...
Governments can maintain full regulatory control and yet fully liberalize restrictions to trade in services. African Continental Free Trade Area (AfCFTA's) protocol on trade in services explicitly recognizes...
This short note is designed to assist the Management Information Systems (MIS) unit and the African Continental Free Trade Area (AfCFTA) Unit to keep the webpage and electronic archive on AfCFTA updated...
The objectives of the report are: fundamental source of data and intelligence for negotiators (in all areas); and critical to prepare the private sector for the gradual transition towards trade liberalization...
Ethiopia is at a very promising yet critical juncture in its path towards development. Its incipient success in attracting efficiency-seeking Foreign Direct Investment (FDI) in various manufacturing sectors...
This report includes: introductory considerations; institutional cluster for governing FDI and international trade; and building technical cadres.
This study focuses on: analyzing the different international agreements regulating trade in services in Africa ( covering at least one mode of supply); determining whether and to what extent, in addition...