Francois, Joseph
Preference Erosion And Multilateral Trade Liberalization Francois, Joseph [electronic resource] / Francois, Joseph - Washington, D.C., The World Bank, 2005 - 1 online resource (38 p.) - Policy research working papers. World Bank e-Library. .
Because of concern that OECD tariff reductions will translate into worsening export performance for the least developed countries, trade preferences have proven a stumbling block to developing country support for multilateral liberalization. The authors examine the actual scope for preference erosion, including an econometric assessment of the actual utilization and the scope for erosion estimated by modeling full elimination of OECD tariffs, and hence full most-favored-nation liberalization-based preference erosion. Preferences are underutilized due to administrative burden-estimated to be at least 4 percent on average-reducing the magnitude of erosion costs significantly. For those products where preferences are used (are of value), the primary negative impact follows from erosion of EU preferences. This suggests the erosion problem is primarily bilateral rather than a WTO-based concern.
10.1596/1813-9450-3730
Access
Debt Markets
Economic Theory and Research
Emerging Markets
Export Diversification
Export Performance
Finance and Financial Sector Development
Free Trade
Free Trade Agreements
Global Trade
International Economics & Trade
International Trade
Law and Development
Liberalization Of Trade
Macroeconomics and Economic Growth
Multilateral Liberalization
Multilateral Trade Liberalization
Preferential Access
Private Sector Development
Public Sector Development
Reciprocal Basis
Reciprocity
Tariff
Tariff Reductions
Tariffs
Trade
Trade and Regional Integration
Trade Law
Trade Negotiations
Trade Policies
Trade Policy
Trade Preferences
Preference Erosion And Multilateral Trade Liberalization Francois, Joseph [electronic resource] / Francois, Joseph - Washington, D.C., The World Bank, 2005 - 1 online resource (38 p.) - Policy research working papers. World Bank e-Library. .
Because of concern that OECD tariff reductions will translate into worsening export performance for the least developed countries, trade preferences have proven a stumbling block to developing country support for multilateral liberalization. The authors examine the actual scope for preference erosion, including an econometric assessment of the actual utilization and the scope for erosion estimated by modeling full elimination of OECD tariffs, and hence full most-favored-nation liberalization-based preference erosion. Preferences are underutilized due to administrative burden-estimated to be at least 4 percent on average-reducing the magnitude of erosion costs significantly. For those products where preferences are used (are of value), the primary negative impact follows from erosion of EU preferences. This suggests the erosion problem is primarily bilateral rather than a WTO-based concern.
10.1596/1813-9450-3730
Access
Debt Markets
Economic Theory and Research
Emerging Markets
Export Diversification
Export Performance
Finance and Financial Sector Development
Free Trade
Free Trade Agreements
Global Trade
International Economics & Trade
International Trade
Law and Development
Liberalization Of Trade
Macroeconomics and Economic Growth
Multilateral Liberalization
Multilateral Trade Liberalization
Preferential Access
Private Sector Development
Public Sector Development
Reciprocal Basis
Reciprocity
Tariff
Tariff Reductions
Tariffs
Trade
Trade and Regional Integration
Trade Law
Trade Negotiations
Trade Policies
Trade Policy
Trade Preferences