Why is transit in goods free but trade is not?
In my previous two posts on the value of the WTO, I argued that when governments set trade policies independently, they focus on domestic effects but often overlook the costs imposed on trading partners. International trade agreements help governments take account of...
Updated WTO-IMF TPA Index shows continued rise in global trade policy activity
A new Trade Policy Activity (TPA) index by WTO and IMF economists shows a marked rise in trade policy activity during 2025-26, alongside heightened trade policy tensions among large economies, against the backdrop of an overall upward trend.Read full article at WTO...
Why is transit in goods free but trade is not?
In my previous two posts on the value of the WTO, I argued that when governments set trade policies independently, they focus on domestic effects but often overlook the costs imposed on trading partners. International trade agreements help governments take account of...