Empirical Evidence on Exporting and Productivity Growth in the UK
One important, but almost invisible outcome of the Uruguay Round of multilateral trade negotiations was the creation of the Trade Policy Review Mechanism (TPRM). What this established was a regular audit of trade policies of Members, with its frequency depending upon country size — from every two years for the United States, Japan and EU through to every seven years for countries like Vanuatu and Barbados. One of the key purposes of the TPRM is to bring greater transparency to border and non-border protectionist measures. But, interestingly, every Trade Policy Review includes a chapter on ‘Measures directly affecting exports’. Moreover, this is always a substantive chapter and always reports on export promotion measures.
KeywordsEurope Agglomeration Colombia
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