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Author | : Bernard M. Hoekman |
Publisher | : World Bank Publications |
Total Pages | : 488 |
Release | : 2009-04-15 |
Genre | : Political Science |
ISBN | : 0821377485 |
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The multilateral trade system rests on the principle of nondiscrimination. Unilateral trade preferences granted by developed countries can help beneficiary countries but can create tensions between 'preferred' developing countries typically beneficiaries from pre-existing colonial regimes and other developing countries. There is also concern about the potential erosion of these preferences through trade liberalization in the importing countries, an issue that has been important in the current negotiations under the Doha Development Agenda of the World Trade Organization. 'Trade Preference Erosion' provides the information needed to make informed assessments of the benefits of trade preferences for developing countries, the risks associated with the erosion of these benefits, and policy options for dealing with these problems. The authors provide detailed analyses of specific preference programs and undertake cross-country, disaggregated analyses of the impact of preferences at the product level. Understanding the likely impacts of these programs and how those impacts are distributed is a precondition for formulating appropriate policy responses. The authors argue that such responses need to go beyond trade policies and need to include a focus on enhancing the competitiveness and supply-side capacity of developing countries. This book is a useful and informative guide for policy makers, non-governmental organizations, and others who wish to better understand the debate on the magnitude and impact of preference erosion.
Author | : Joseph F. Francois |
Publisher | : World Bank Publications |
Total Pages | : 38 |
Release | : 2005 |
Genre | : Access |
ISBN | : |
Download Preference Erosion and Multilateral Trade Liberalization Book in PDF, ePub and Kindle
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.
Author | : Bernard M. Hoekman |
Publisher | : World Bank Publications |
Total Pages | : 31 |
Release | : 2005 |
Genre | : Economic assistance |
ISBN | : |
Download Economic Policy Responses to Preference Erosion Book in PDF, ePub and Kindle
Trade preferences are a central issue in ongoing efforts to negotiate further multilateral trade liberalization. "Less preferred" countries are increasingly concerned about the discrimination they confront, while "more preferred" developing countries worry that WTO-based liberalization of trade will erode the value of current preferential access regimes. This tension suggests there is a political economy case for preference-granting countries to explicitly address erosion fears. The authors argue that the appropriate instrument for this is development assistance. The alternative of addressing erosion concerns through the trading system will generate additional discrimination and trade distortions, rather than moving the WTO toward a more liberal, non-discriminatory regime. They further argue that prospective losses generated by most-favored-nation liberalization should be quantified on a bilateral basis, using methods that estimate what the associated transfer should have been and ignoring the various factors that reduce their value in practice (such as compliance costs or the fact that part of the rents created by preference programs accrue to importers in OECD countries). Given that many poor countries have not been able to benefit much from preference programs, a case is also made that preference erosion should be considered as part of a broader response by OECD countries to calls to make the trading system more supportive of economic development. The focus should be on identifying actions and policy measures that will improve the ability of developing countries to use trade for development.
Author | : Chris Milner |
Publisher | : Commonwealth Secretariat |
Total Pages | : 160 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : 9781849290098 |
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A study that looks at how best developing countries should respond to the erosion of trade preferences caused by continuing multilateral tariff liberalisation, either through restructuring individual preference arrangements or by acting to offset the adverse effects of preference erosion.
Author | : Joseph Fran??ois |
Publisher | : |
Total Pages | : |
Release | : 2012 |
Genre | : |
ISBN | : |
Download Preference Erosion and Multilateral Trade Liberalization Book in PDF, ePub and Kindle
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.
Author | : Bernard Hoekman |
Publisher | : |
Total Pages | : |
Release | : 2012 |
Genre | : |
ISBN | : |
Download Economic Policy Responses to Preference Erosion Book in PDF, ePub and Kindle
Trade preferences are a central issue in ongoing efforts to negotiate further multilateral trade liberalization. "Less preferred" countries are increasingly concerned about the discrimination they confront, while "more preferred" developing countries worry that WTO-based liberalization of trade will erode the value of current preferential access regimes. This tension suggests there is a political economy case for preference-granting countries to explicitly address erosion fears. The authors argue that the appropriate instrument for this is development assistance. The alternative of addressing erosion concerns through the trading system will generate additional discrimination and trade distortions, rather than moving the WTO toward a more liberal, non-discriminatory regime. They further argue that prospective losses generated by most-favored-nation liberalization should be quantified on a bilateral basis, using methods that estimate what the associated transfer should have been and ignoring the various factors that reduce their value in practice (such as compliance costs or the fact that part of the rents created by preference programs accrue to importers in OECD countries). Given that many poor countries have not been able to benefit much from preference programs, a case is also made that preference erosion should be considered as part of a broader response by OECD countries to calls to make the trading system more supportive of economic development. The focus should be on identifying actions and policy measures that will improve the ability of developing countries to use trade for development.
Author | : Bernard M. Hoekman |
Publisher | : World Bank Publications |
Total Pages | : 466 |
Release | : 2009-01-01 |
Genre | : Commercial policy |
ISBN | : 9780821377529 |
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This volume introduces the gender dimension in the empirical analyses on the links between trade and poverty. Gender disparities, an important component of overall inequality, may limit the gains from trade and the potential benefits to poor people. This view is supported by the robust finding that while growth (as well as the gains from trade) is the major vehicle of lifting people out of poverty, it is more likely to be pro-poor when initial inequality is low. High inequality directly lowers the rate of poverty reduction by hindering growth.Ample evidence shows that, in spite of recent impro.
Author | : Judith Myrle Dean |
Publisher | : World Bank Publications |
Total Pages | : 39 |
Release | : 2006 |
Genre | : Tariff preferences |
ISBN | : |
Download Quantifying the Value of U.S. Tariff Preferences for Developing Countries Book in PDF, ePub and Kindle
"In recent debates, trade preference erosion has been viewed by some as damaging to developing countries, and by others as insignificant, except in a few cases. But little data have been available to back either view. The objective of this paper is to improve our measures of the size, utilization, and value of all U.S. nonreciprocal trade preference programs in order to shed light on this debate. Highly disaggregated data are used to quantify the margins, coverage, utilization, and value of agricultural and nonagricultural tariff preferences for all beneficiary countries in the U.S. regional programs and in the Generalized System of Preferences. Results show that U.S. regional tariff preference programs are generally characterized by high coverage of beneficiary countries' exports, high utilization by beneficiary countries, and low tariff preference margins (except on apparel). For 29 countries, the value of U.S. tariff preferences was 5 percent or more of 2003 dutiable exports to the United States, even after incorporating actual utilization. Most of this value is attributable to nonagricultural tariff preferences, and to apparel preferences in particular. These results suggest that preference erosion may be significant for more countries than many had thought."--World Bank web site.
Author | : Loren Yager |
Publisher | : DIANE Publishing |
Total Pages | : 94 |
Release | : 2008-09-01 |
Genre | : |
ISBN | : 1437903754 |
Download International Trade Book in PDF, ePub and Kindle
U.S. trade preference programs promote economic development in poorer nations by providing export opportunities. The Generalized System of Preferences, Caribbean Basin Initiative, Andean Trade Preference Act, and African Growth and Opportunity Act unilaterally reduce U.S. tariffs for many products from over 130 countries. However, 3 of these programs expire partially or in full in 2008, and Congress is exploring options as it considers renewal. This report reviews the programs¿ effects on the U.S. and on foreign beneficiaries¿ exports and development, identifies policy trade-offs concerning these programs, and evaluates the overall U.S. approach to preference programs. Includes recommendations. Charts and tables.
Author | : Bernard M. Hoekman |
Publisher | : World Bank Publications |
Total Pages | : 47 |
Release | : 2005 |
Genre | : Developing countries |
ISBN | : |
Download Trade Preferences and Differential Treatment of Developing Countries Book in PDF, ePub and Kindle
The issue of SDT has become very topical again, following a period during which it was viewed as an outdated concept for the multilateral trading system. We therefore devote attention as well to a number of recent contributions that discuss (i) whether there is a continued need for SDT, and (ii) how this might be designed from both a development (recipient) objective and from the perspective of the trading system more generally. A major theme of the survey is that most of the issues that are debated today were already being discussed in the 1960s. We conclude that those who questioned the value of unilateral preferences have proven to be prescient.