Description: Assessing the Adjustment Implications of Trade Policy Changes Using TRIST : Tariff Reform Impact Simulation Tool

Assessing the Adjustment Implications of Trade Policy Changes Using TRIST : Tariff Reform Impact Simulation Tool

TRIST is a simple, easy to use tool to assess the adjustment implications of trade reform. It improves on existing tools. First, it is an improvement in terms of accuracy because projections are based on revenues actually collected at the tariff li...

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Bibliographic Details
Main Authors:	Brenton, Paul, Saborowski, Christian, Staritz, Cornelia, von Uexkull, Erik
Language:	English
Published:	2012
Subjects:	ACCOUNTING ADVERSE IMPACT AGGREGATE IMPORTS AGRICULTURE APPAREL APPLIED TARIFF AVERAGE TARIFF BANK POLICY BENEFICIARY BENEFITS OF TRADE CAPITAL GOODS CHECKS COLLECTED TARIFF COLLECTED TARIFFS COMMON MARKET COMPETITION EFFECT CONSUMER EXPENDITURE CONSUMERS COUNTRY OF ORIGIN CUSTOMS CUSTOMS AUTHORITIES CUSTOMS DUTIES CUSTOMS REGIME CUSTOMS UNION DEMAND ELASTICITIES DEMAND ELASTICITY DEVELOPING COUNTRIES DOMESTIC CONSUMPTION DOMESTIC MARKET DOMESTIC PRODUCTION ECONOMIC DISTORTIONS ELASTICITY OF SUBSTITUTION ELIMINATION OF TARIFFS EQUILIBRIUM EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT BIAS EXPORT SECTORS EXPORTER EXPORTERS EXPORTS EXTERNAL TARIFF EXTERNAL TARIFFS FACTORS OF PRODUCTION FINANCIAL SUPPORT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN SOURCES FREE ACCESS FREE MARKET ACCESS FREE TRADE FREE TRADE AGREEMENT GENERAL EQUILIBRIUM GLOBAL COMPETITIVENESS GOVERNMENT REVENUES HIGH TARIFFS IMPACT OF TRADE IMPACT OF TRADE REFORMS IMPORT DUTIES IMPORT MARKETS IMPORT PRICE IMPORT PRICES IMPORT REGIMES IMPORT TAX IMPORT TAXES IMPORT VALUE IMPORT VOLUMES IMPORTS INCOME GROUPS INDUSTRIAL PRODUCTION INSURANCE INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL TRADE LEVEL OF PROTECTION LEVY MARKET PRICE MARKET SHARE MEMBER COUNTRIES MULTILATERAL NEGOTIATIONS MULTILATERAL TRADE MULTILATERAL TRADE REFORM MUTUAL TRADE NON-TARIFF BARRIERS OPEN ECONOMIES OPENNESS POLICY RESPONSE POLITICAL ECONOMY PREFERENTIAL REDUCTION PREFERENTIAL REDUCTION OF TARIFFS PREFERENTIAL TARIFF PREFERENTIAL TARIFFS PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENT PREFERENTIAL TRADE AGREEMENTS PRICE CHANGE PRICE CHANGES PRICE OF IMPORTS PROCESS OF DEVELOPMENT REAL EXCHANGE RATE REAL EXCHANGE RATE IMPACT REAL INCOME REDUCTION IN TARIFFS REGIONAL TRADE REGIONAL TRADE AGREEMENTS REGIONAL TRADE INTEGRATION RELATIVE PRICE OF GOODS RULES OF ORIGIN SAFETY NETS SOURCING SUBSTITUTION EFFECT TARIFF CHANGES TARIFF EXEMPTIONS TARIFF LEVELS TARIFF LINE TARIFF LINES TARIFF RATE TARIFF RATES TARIFF REDUCTION TARIFF REDUCTIONS TARIFF REFORM TARIFF REVENUE TARIFF REVENUES TARIFF SCHEDULE TARIFF SCHEDULES TAX RATE TAX REVENUE TAX REVENUES TOTAL REVENUE TRADE DISTORTIONS TRADE DIVERSION TRADE FLOWS TRADE INTEGRATION TRADE LIBERALIZATION TRADE MODEL TRADE PARTNERS TRADE POLICY TRADE POLICY FORMULATION TRADE POLICY MAKING TRADE POLICY REFORM TRADE POLICY REFORMS TRADE REFORM TRADE REFORMS TRADE REGIME TRADE TAX TRADING TRADING PARTNER TRADING PARTNERS TRANSACTION TRANSPARENCY TRUST FUND UNILATERAL REFORMS VALUATION VALUE OF IMPORTS WELFARE IMPACTS WORLD PRICE WTO ZERO TARIFFS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091019094548 http://hdl.handle.net/10986/4272

Description
Summary:	TRIST is a simple, easy to use tool to assess the adjustment implications of trade reform. It improves on existing tools. First, it is an improvement in terms of accuracy because projections are based on revenues actually collected at the tariff line level rather than simply applying statutory rates. Second, it is transparent and open; runs in Excel, with formulas and calculation steps visible to the user; and is open-source and users are free to change, extend, or improve according to their needs. Third, TRIST has greater policy relevance because it projects the impact of tariff reform on total fiscal revenue (including VAT and excise) and results are broken down to the product level so that sensitive products or sectors can be identified. And fourth, the tool is flexible and can incorporate tariff liberalization scenarios involving any group of trading partners and any schedules of products. This paper describes the TRIST tool and provides a range of examples that demonstrate the insights that the tool can provide to policy makers on the adjustment impacts of reducing tariffs.

Assessing the Adjustment Implications of Trade Policy Changes Using TRIST : Tariff Reform Impact Simulation Tool

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