This week TRADE is hosting Prof Lucas Ferraz of the Fundação Getulio Vargas and the Sao Paulo School of Economics for some GTAP research. GTAP stands for the Global Trade Analysis Project and is all about using general equilibrium models to analyse trade issues.
Yesterday Lucas presented a one-day introductory training workshop to staff and PhD students, giving us a taste of what the model can do. He showed an interesting simulation of the impact of a reduction in non-tariff barriers on trade between the EU-25 and Sub-Saharan African countries.
Today he will spend some more time with the PhD students who are examining trade facilitation issues and will be speaking at the seminar series tomorrow.