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UID:e937d700f124140c5ae960c2f9ecbb11
CATEGORIES:Seminars
CREATED:20170418T190601
SUMMARY:Lunch Seminar: Michele Ruta (World Bank)
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Deep Agreements and Global Value Chains\nAbstract:\n Preferential Trade Agr
 eements (PTAs) are becoming a prominent feature of the world trading system
 . These agreements have increased in number and in depth -PTAs often encomp
 ass a set of disciplines that go beyond traditional trade policy such as ta
 riffs to include investment, competition, intellectual property protection 
 and other border and behind the border measures. In the policy and theory l
 iterature, a prominent argument why countries sign “deep” PTAs is to promot
 e and facilitate the operation of Global Value Chains (GVCs). We exploit a 
 new dataset on the content of PTAs and data on trade in value added and in 
 parts and components to quantify the impact of deep PTAs on bilateral cross
 -border production linkages. We show that adding a provision to a PTA incre
 ases re-exported value added (forward GVC linkages) and foreign value added
  (backward GVC linkages) by 0.4 and 0.26 percent, respectively. On a larger
  sample of countries and years, our results confirm that adding a provision
  to the PTA increases trade in parts and components by 1.5 percent. The con
 tent of PTAs also matters for GVC integration but the impact varies by inco
 me group. Provisions outside the current WTO mandate (e.g. investment, comp
 etition policy) drive the effect of deep PTAs on value added trade and on N
 orth-South trade in parts and components. Provisions under the current WTO 
 mandate (e.g. tariff reduction) drive the effect of deep PTAs on South-Sout
 h trade in parts and components.\n
DTSTAMP:20260406T072625Z
DTSTART:20160927T130000Z
DTEND:20160927T140000Z
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