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Trading Representation: Diplomacy's Influence on Preferential Trade Agreements

Plouffe, M; Van der Sterren, R; (2016) Trading Representation: Diplomacy's Influence on Preferential Trade Agreements. The British Journal of Politics and International Relations , 18 (4) pp. 889-911. 10.1177/1369148116659860. Green open access

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Abstract

A multidisciplinary literature explores the implications of economic diplomacy, but has largely ignored international cooperation on economic agreements. We provide a first exploration of the implications of bilateral diplomatic missions for the formation of preferential trade agreements (PTAs). We argue that high-level diplomatic relations increase the likelihood of PTA ratification between two countries because diplomats have a number of political and economic incentives to see these agreements implemented. Evidence from a global panel of country dyads spanning 1960-2005 indicates that the presence of ambassadors is linked to an increased probability that a PTA will be concluded within a dyad, opening new avenues for further research.

Type: Article
Title: Trading Representation: Diplomacy's Influence on Preferential Trade Agreements
Open access status: An open access version is available from UCL Discovery
DOI: 10.1177/1369148116659860
Publisher version: https://doi.org/10.1177/1369148116659860
Language: English
Additional information: Copyright © The Author(s) 2016.
Keywords: diplomacy, international trade, preferential trade agreements, regionalism
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Political Science
URI: https://discovery.ucl.ac.uk/id/eprint/1503835
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