“Jumbo” Discriminatory Measures and the Trade Coverage of Crisis-Ear Protectionism
GTA Analytical Paper No.3 a conservative methodology will be developed to identify those crisis-era state measures that are likely to adversely affect both a large number of trading partners and a sizeable amount of international trade. Identifying such “‘jumbo”’ measures serves two policy-relevant purposes. First, it helps trade officials sort through the many crisis-era measures, finding those measures that are possibly the most trade-distorting, which in turn could become the focus of an international, potentially G-20 led, unwinding process. Secondly, where confidence in the underlying calculations permits, the total trade covered by these jumbo measures provides an alternative, minimum benchmark for the potential impact of crisis-era protectionism.
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