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Choosing Formulas for Market Access Negotiation : Efficiency and Market Access Considerations

Author: Vlad Manole; Will Martin; Joseph Francois
Publisher: Washington, D.C : The World Bank, 2005.
Series: World Bank E-Library Archive
Edition/Format:   Computer file : EnglishView all editions and formats
Summary:
An important issue in multilateral trade negotiations is the approach taken to reduce tariffs. François, Martin, and Manole believe that there are important advantages in formula approaches and survey a range of options between the sharply top-down Swiss formula and proportional cuts in tariffs. Over the range the authors consider, they find that the economic efficiency impacts for the importer are not greatly  Read more...
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Details

Material Type: Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Vlad Manole; Will Martin; Joseph Francois
OCLC Number: 874232819
Reproduction Notes: Reproduction. s.l.
Description: 1 online resource (32 p.)
Series Title: World Bank E-Library Archive
Responsibility: Manole, Vlad.

Abstract:

An important issue in multilateral trade negotiations is the approach taken to reduce tariffs. François, Martin, and Manole believe that there are important advantages in formula approaches and survey a range of options between the sharply top-down Swiss formula and proportional cuts in tariffs. Over the range the authors consider, they find that the economic efficiency impacts for the importer are not greatly influenced by the extent to which higher tariffs face bigger cuts. However, top-down approaches appear to be more effective in reducing tariff escalation, and provide greater market access gains to poor countries. This paper is a product of the Trade Team, Development Research Group.

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