The third biennial International Seminar on International Trade, co-sponsored by CEPR and the National Bureau of Economic Research and hosted by the European Centre for Advanced Research in Economics (ECARE), Université Libre de Bruxelles, took place on 17/18 December 1992. The workshop was organized by Robert Baldwin (University of Wisconsin), Richard Baldwin (Graduate Institute of International Studies, Geneva, and CEPR) and Damien Neven (Université de Liège, INSEAD and CEPR). Financial support was provided by the Commission of the European Communities under its SPES programme. The following papers were presented:

`Exchange Rates, Target Zones and International Trade: The Importance of the Policy Making Framework', Axel Weber (Universität Gesamthochschule Siegen and CEPR)

`Industry Restructuring and Export Performance: Evidence on the Transition in Hungary', Valerie Chang (Federal Reserve Board) and Catherine Mann (Federal Reserve Board and NBER)

`Using Environmental Legislation as a Tool of Trade Policy', Michael Rauscher (Universität Kiel and CEPR)

`Trade as Engine of Political Change: A Parable', Alessandra Casella (University of California at Berkeley, NBER and CEPR)

`Environmental Policy and Strategic International Trade', Alistair Ulph (University of Southampton and CEPR)

`After Maastricht: Public Investment, Economic Integration and Capital Mobility', Ronald Findlay and Richard Clarida (Columbia University and NBER)

`Bringing GATT Into the Core', Carsten Kowalczyk (Dartmouth College and NBER) and Tomas Sjöström (Harvard University)

`International Migration and Capital Mobility: Indeterminacy, Expectations and Multiple Equilibria', Richard Baldwin (Graduate Institute of International Studies, Geneva, and CEPR) and Anthony Venables (LSE and CEPR)

A selection of these papers will appear in a forthcoming issue of Economica.