Formula Approaches for Market Access Negotiations
2002-11-18
Research Paper
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Most of the large tariff reductions achieved in multilateral trade negotiations have involved tariff-cutting formulas such as the "Swiss" formula. However, wide variations in initial tariff rates between active participants call for new approaches under the Doha Development Agenda. This paper surveys a range of formula options and examines both targeted and flexible applications of the Swiss formula that target tariff escalation and peaks, and would allow policy makers to directly target how far they will move towards free trade, while providing some flexibility for trading off reductions in peak tariffs against reductions in lower-tariff sectors.
Keywords
Classifications using
Journal of Economic Literature (JEL) Classification System
- F1 : Trade
- F13 : Commercial Policy; Protection; Promotion; Trade Negotiations; International Organizations
Automatically Extracted Terms
- tariff
- reduction
- formula
- approach
- country
- swiss formula
- binding
- tariff rates
- round
- percent
- negotiation
- parameter
- market
- access
- 0.0
- binding overhang
- product
- trade
- overhang
- flexibility
