Free trade has become a modern-day creed, accepted by both wealthy industrialized countries and many governments of developing countries as the generator of economic growth, development and employment. However, free trade has also been condemned by non-governmental organizations (NGOs) in...

In many developing countries, regional integration has become a key means of promoting economic growth and fighting poverty. PTAs are increasingly used as engines of change in many developing countries, to promote, implement, and lock in reforms in a wide range of policy areas such as investment...

In recent years, international grain markets have been exposed to considerable price volatility which was partly caused by supply shocks driven by extreme climate events affecting major grain exporters. In addition, a number of exporting countries resorted to distortive trade measures in the...

Regional Trade Agreements (RTAs) have widely spread in recent years. The World Trade Organisation (WTO) notes that 546 RTAs were notified by January 2013, whereas only 380 were notified by 2007. RTAs have been considered as a stumbling block for the slow progress of the WTO Doha Round, and...

In the frame of EU Stabilization and Association Process, Serbia and EU signed Stabilization and Association Agreements (SAA) in 2008, with Free Trade Agreement (FTA) as one of its main parts. SAA Interim Agreement entered in the fifth year of the transitional period ending on January 1, 2014....

Agriculture is a relatively important economic activity in Serbia. In addition, the importance of agriculture stems from the upcoming full implementation of the Interim Trade Agreement with the EU, and the expected beginning of the negotiation process for full membership in the organization. In...

The paper discusses the mechanisms by which World Trade Organization (WTO) influence the diffusion of genetically modified (GM) products. We have analyzed the connection between the international trade of GM products and the three WTO Agreements: the Agreement on Trade-Related Aspects of...

Because of big internal differences in the production-resource structure, the former uniform Yugoslav market was characterized by intensive inter-republic trade. Given the controlled prices of agrarian products, their internal trade was frequently referred to as an example of non-equivalent...

Import tariffs are typically defined at a very detailed level, which is then used in trade negotiations. The WTO Framework Agreement of July 2004 proposes the use of a “tiered” formula where tariff lines classified in higher ‘bands’ are subject to proportionally higher cuts. Exceptions...

With the Doha Round of negotiations having come to a standstill, more countries opt for preferential trade agreements with only a limited number of partners. Starting two recent negotiations, the Trans-Pacific Partnership and the EU-US trade deal, might mark the beginning of a new era in...