Bilateral and Multilateral Treaties

Bilateral Tax Treaties and GDP Comovement

Using a 30-year panel of quarterly GDP fluctuations from of a broad set of countries, we demonstrate that the signing of a bilateral tax treaty increases the comovement of treaty partners’ business cycles by 1/2 a standard deviation. This effect of fiscal policy is as large as the effect of trade linkages on comovement, and stronger than the effects of several other common financial and investm...

Bilateral Investment Treaties and International Integration

This paper studies how bilateral investment treaties (BITs) affect the trade integration between partner countries. While the overall results from the full sample show that BIT signing is associated with an increase in overall imports that is generally smaller than the effect of WTO membership, BIT signing is found to have a considerable effect on capital goods imports and on imports of differe...

Bilateral Investment Treaties and Domestic Institutions

bilateral investment treaties

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IV. Reciprocal liberalization: Bilateral, plurilateral or multilateral?

A country may opt for different type of reciprocal trade liberalization leading to either multilateral or bilateral/plurilateral negotiations. If it chooses a multilateral approach, it will focus on the big negotiations table of the World Trade Organization (WTO). If however it prefers to negotiate with a smaller number of partners, it will end up having petite comité rounds with one or several...