The Doha Round and Preference Erosion : A Symposium
The trade and welfare impacts of multilateral liberalization on individual countries and groups within countries depend on many factors-including the depth of liberalization by trading partners, the extent of countries' own reforms, the respon...
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| Language: | English en_US |
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Oxford University Press on behalf of the World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2006/05/17753022/doha-round-preference-erosion-symposium http://hdl.handle.net/10986/16441 |
| Summary: | The trade and welfare impacts of
multilateral liberalization on individual countries and
groups within countries depend on many factors-including the
depth of liberalization by trading partners, the extent of
countries' own reforms, the responsiveness of investors
to changes in relative prices and market opportunities, and
actions by governments to reduce real trade costs. The
magnitude of erosion will depend on a variety of factors,
including the product and country coverage of preferential
schemes, the level of most favored nation restrictions in
the markets granting preferential access, the administrative
costs associated with using preference programs, the
incidence of any preference rents, the depth of
liberalization realized in Doha, and the existence of and
changes in reciprocal trade agreements. Moreover, the value
of preferences is better measured by income earned-what
matters is the impact on the price actually received by the
exporters because the pass-through of preferential access is
likely to be incomplete. |
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