DP1043 | Who Should Run Trade Policy in Eastern Europe and How?

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31/10/1994

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Abstract

This paper discusses the design of appropriate institutions for trade policy-making in Central and Eastern Europe. Drawing on US and EU experience it argues that legislatures should set the broad parameters, leaving commodity-specific detail to the executives. Sectoral Ministries, e.g. of Agriculture, Energy or Industry, should not control trade policy, a task which should fall to a special Ministry with close links to the Treasury and Ministry of Foreign Affairs. It should be clear precisely who is responsible for trade policy and the public should be informed both of their general interest in trade policy and of the costs and benefits of any particular action.