This project will comprehensively examine the key changes occurring in the world trading system and trace policy implications for Asia. It will study the following: (a) patterns and drivers of production networks; (b) reforms of WTO rules and processes; (c) patterns of free trade agreements (FTAs), consolidation of FTAs into larger, region-wide agreements, and ways of multilateralizing FTAs; and (d) the economic effects of new forms of commercial and industrial policies.

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