Eliminating Excessive Tariffs on Exports of Least Developed Countries
Most goods imported from developing countries, enter Quad markets duty-free, and, average tariffs in Quad markets are very low. But tariffs for some commodities are over one hundred percent. Such "tariff peaks" are often concentrated in p...
| Main Authors: | , , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2001/05/1346336/eliminating-excessive-tariffs-exports-least-developed-countries http://hdl.handle.net/10986/19658 |
| Summary: | Most goods imported from developing
countries, enter Quad markets duty-free, and, average
tariffs in Quad markets are very low. But tariffs for some
commodities are over one hundred percent. Such "tariff
peaks" are often concentrated in products developing
countries want to export: agricultural, and food products -
especially such staples as sugar, cereals, and fish; fruits
and vegetables; food products with a high sugar content;
and, tobacco, and alcoholic beverages - and products from
such labor-intensive sectors as apparel, and footwear.
Giving least developed countries full duty- and quota-free
access in the Quad for peak-tariff products would increase
their total annual exports by eleven percent - or roughly $
2.5 billion. Exports to Quad countries of peak-tariff
products, would expand by 30-60 percent. Considering that
peak-tariff items account for only a small share of
developing countries' exports, granting lest developed
countries duty-free access, would have only a negligible
impact on other developing countries. For the same reason,
Quad imports increase only marginally, suggesting that this
factor should not constrain implementation of duty-free
access for the poorest countries. |
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