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Published online by Cambridge University Press: 05 September 2023
The UK's Trade Remedies Authority (TRA) conducts economic assessments of the ramifications of trade remedies, the Economic Interest Test (EIT). Such assessments are not mandated by the World Trade Organization but are conducted by certain trade remedy investigating authorities, including those of Brazil, Canada, the European Union, and New Zealand. The EIT is a mandatory part of the UK trade remedy system and is arguably more transparent than similar interest tests conducted by other trade remedy investigating authorities. However, stakeholder participation remains a challenge and the TRA is working on ways to improve participation. To date, the TRA has completed 11 EITs in its trade remedy cases, with a further ten live cases. These cases cover different products, markets, and countries, across which the likely positive and negative impacts of trade remedy differ. This paper invites experts to review the TRA's EIT methodology.
This paper represents the opinion of the authors and does not represent the position of the Trade Remedies Authority or the opinion of any of its staff members. We are grateful to Ingo Borchert, Bernard Hoekman, Aproop Bhave, Igor Gavran, and Joshua Parker, an anonymous referee, as well as participants at the Festschrift conference in honour of Professor L. Alan Winters at the European University Institute in Florence for useful comments and suggestions on earlier versions of this paper. Any errors and omissions remain the fault of the authors.