Managing Trade Policy During the Economic Crisis

The global economic crisis has triggered rapid responses by governments worldwide to counteract its domestic effects, through fiscal stimulus packages, expansionary monetary policies, and financial bailouts. Ad hoc trade policy measures are increas...

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Main Author:	Saez, Sebastian
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL SUBSIDIES AGRICULTURE ANTIDUMPING ANTIDUMPING DUTY ANTIDUMPING MEASURES APPLIED TARIFF BARRIERS TO IMPORTS COUNTERVAILING DUTIES CUSTOMS CUSTOMS DUTY DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ROUND DOMESTIC INDUSTRIES DOMESTIC INDUSTRY DOMESTIC PRODUCERS DUTY DRAWBACK ECONOMIC CRISIS ECONOMIC POLICY EUROPEAN UNION EXPORT COMPETITIVENESS EXPORT RESTRICTIONS EXPORT SUBSIDIES EXPORTS FINANCIAL SECTOR FISCAL POLICY FOREIGN COMPETITORS FREE PROVISIONS GLOBAL TRADE GLOBAL TRADING GLOBAL TRADING SYSTEM IMPORT PROTECTION IMPORT RESTRICTIONS INCOME DISTRIBUTION INTERNATIONAL ORGANIZATIONS INTERNATIONAL PRICES INTERNATIONAL RULES INTERNATIONAL TRADE INVESTMENT FLOWS LDCS LEGAL REQUIREMENTS MARKET ACCESS MINISTERIAL MEETING MONETARY POLICIES NEGATIVE IMPACT POLICY MEASURES POLICY OPTION POLICY REFORMS POLICY RESEARCH POVERTY REDUCTION PROTECTIONISM PROTECTIONIST PROTECTIONIST MEASURES PROTECTIONIST PRESSURE REAL INCOME REGIONAL TRADE REGIONAL TRADE AGREEMENTS ROUND NEGOTIATIONS RULES OF ORIGIN SAFEGUARD ACTIONS SAFEGUARD MEASURES SUBSIDY PROGRAMS TARIFF BINDINGS TARIFF RATES TRADE BARRIERS TRADE COSTS TRADE DISTORTION TRADE FACILITATION TRADE FLOWS TRADE IN GOODS TRADE IN SERVICES TRADE MEASURES TRADE POLICIES TRADE POLICY TRADE POLICY ENVIRONMENT TRADE PREFERENCES TRADE PROTECTION TRADE REMEDIES TRADE VOLUMES TRADING PARTNERS TRADING SYSTEM TRANSACTIONS COSTS VOLUNTARY EXPORT RESTRAINTS WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO WTO AGREEMENT WTO AGREEMENTS WTO COMMITMENTS WTO MEMBERS WTO PRINCIPLES WTO RULES
Online Access:	http://documents.worldbank.org/curated/en/2009/07/11362161/managing-trade-policy-during-economic-crisis http://hdl.handle.net/10986/11113

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spelling	okr-10986-111132021-04-23T14:02:54Z Managing Trade Policy During the Economic Crisis Saez, Sebastian AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL SUBSIDIES AGRICULTURE ANTIDUMPING ANTIDUMPING DUTY ANTIDUMPING MEASURES APPLIED TARIFF BARRIERS TO IMPORTS COUNTERVAILING DUTIES CUSTOMS CUSTOMS DUTY DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ROUND DOMESTIC INDUSTRIES DOMESTIC INDUSTRY DOMESTIC PRODUCERS DUTY DRAWBACK ECONOMIC CRISIS ECONOMIC POLICY EUROPEAN UNION EXPORT COMPETITIVENESS EXPORT RESTRICTIONS EXPORT SUBSIDIES EXPORTS FINANCIAL SECTOR FISCAL POLICY FOREIGN COMPETITORS FREE PROVISIONS GLOBAL TRADE GLOBAL TRADING GLOBAL TRADING SYSTEM IMPORT PROTECTION IMPORT RESTRICTIONS INCOME DISTRIBUTION INTERNATIONAL ORGANIZATIONS INTERNATIONAL PRICES INTERNATIONAL RULES INTERNATIONAL TRADE INVESTMENT FLOWS LDCS LEGAL REQUIREMENTS MARKET ACCESS MINISTERIAL MEETING MONETARY POLICIES NEGATIVE IMPACT POLICY MEASURES POLICY OPTION POLICY REFORMS POLICY RESEARCH POVERTY REDUCTION PROTECTIONISM PROTECTIONIST PROTECTIONIST MEASURES PROTECTIONIST PRESSURE REAL INCOME REGIONAL TRADE REGIONAL TRADE AGREEMENTS ROUND NEGOTIATIONS RULES OF ORIGIN SAFEGUARD ACTIONS SAFEGUARD MEASURES SUBSIDY PROGRAMS TARIFF BINDINGS TARIFF RATES TRADE BARRIERS TRADE COSTS TRADE DISTORTION TRADE FACILITATION TRADE FLOWS TRADE IN GOODS TRADE IN SERVICES TRADE MEASURES TRADE POLICIES TRADE POLICY TRADE POLICY ENVIRONMENT TRADE PREFERENCES TRADE PROTECTION TRADE REMEDIES TRADE VOLUMES TRADING PARTNERS TRADING SYSTEM TRANSACTIONS COSTS VOLUNTARY EXPORT RESTRAINTS WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO WTO AGREEMENT WTO AGREEMENTS WTO COMMITMENTS WTO MEMBERS WTO PRINCIPLES WTO RULES The global economic crisis has triggered rapid responses by governments worldwide to counteract its domestic effects, through fiscal stimulus packages, expansionary monetary policies, and financial bailouts. Ad hoc trade policy measures are increasingly being put in place. All countries share the responsibility of preserving a stable and predictable trade policy environment. To this end, trade policies must contribute to maintaining an open trading system consistent with World Trade Organization (WTO) principles. With the sharp decline in global merchandise trade volumes, expected to fall by 9 percent in 2009, countries have resorted to an array of measures to counter the detrimental effects of the crisis on their respective economies. Because this decline is a consequence of a deterioration of global demand, trade measures are not an effective response to this problem. On the contrary, policies that contribute to an open and stable trading system are the best policy option for the world community, especially in the current context. 2012-08-13T14:11:04Z 2012-08-13T14:11:04Z 2009-07 http://documents.worldbank.org/curated/en/2009/07/11362161/managing-trade-policy-during-economic-crisis http://hdl.handle.net/10986/11113 English PREM Notes; No. 140 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL SUBSIDIES AGRICULTURE ANTIDUMPING ANTIDUMPING DUTY ANTIDUMPING MEASURES APPLIED TARIFF BARRIERS TO IMPORTS COUNTERVAILING DUTIES CUSTOMS CUSTOMS DUTY DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ROUND DOMESTIC INDUSTRIES DOMESTIC INDUSTRY DOMESTIC PRODUCERS DUTY DRAWBACK ECONOMIC CRISIS ECONOMIC POLICY EUROPEAN UNION EXPORT COMPETITIVENESS EXPORT RESTRICTIONS EXPORT SUBSIDIES EXPORTS FINANCIAL SECTOR FISCAL POLICY FOREIGN COMPETITORS FREE PROVISIONS GLOBAL TRADE GLOBAL TRADING GLOBAL TRADING SYSTEM IMPORT PROTECTION IMPORT RESTRICTIONS INCOME DISTRIBUTION INTERNATIONAL ORGANIZATIONS INTERNATIONAL PRICES INTERNATIONAL RULES INTERNATIONAL TRADE INVESTMENT FLOWS LDCS LEGAL REQUIREMENTS MARKET ACCESS MINISTERIAL MEETING MONETARY POLICIES NEGATIVE IMPACT POLICY MEASURES POLICY OPTION POLICY REFORMS POLICY RESEARCH POVERTY REDUCTION PROTECTIONISM PROTECTIONIST PROTECTIONIST MEASURES PROTECTIONIST PRESSURE REAL INCOME REGIONAL TRADE REGIONAL TRADE AGREEMENTS ROUND NEGOTIATIONS RULES OF ORIGIN SAFEGUARD ACTIONS SAFEGUARD MEASURES SUBSIDY PROGRAMS TARIFF BINDINGS TARIFF RATES TRADE BARRIERS TRADE COSTS TRADE DISTORTION TRADE FACILITATION TRADE FLOWS TRADE IN GOODS TRADE IN SERVICES TRADE MEASURES TRADE POLICIES TRADE POLICY TRADE POLICY ENVIRONMENT TRADE PREFERENCES TRADE PROTECTION TRADE REMEDIES TRADE VOLUMES TRADING PARTNERS TRADING SYSTEM TRANSACTIONS COSTS VOLUNTARY EXPORT RESTRAINTS WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO WTO AGREEMENT WTO AGREEMENTS WTO COMMITMENTS WTO MEMBERS WTO PRINCIPLES WTO RULES
spellingShingle	AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL SUBSIDIES AGRICULTURE ANTIDUMPING ANTIDUMPING DUTY ANTIDUMPING MEASURES APPLIED TARIFF BARRIERS TO IMPORTS COUNTERVAILING DUTIES CUSTOMS CUSTOMS DUTY DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ROUND DOMESTIC INDUSTRIES DOMESTIC INDUSTRY DOMESTIC PRODUCERS DUTY DRAWBACK ECONOMIC CRISIS ECONOMIC POLICY EUROPEAN UNION EXPORT COMPETITIVENESS EXPORT RESTRICTIONS EXPORT SUBSIDIES EXPORTS FINANCIAL SECTOR FISCAL POLICY FOREIGN COMPETITORS FREE PROVISIONS GLOBAL TRADE GLOBAL TRADING GLOBAL TRADING SYSTEM IMPORT PROTECTION IMPORT RESTRICTIONS INCOME DISTRIBUTION INTERNATIONAL ORGANIZATIONS INTERNATIONAL PRICES INTERNATIONAL RULES INTERNATIONAL TRADE INVESTMENT FLOWS LDCS LEGAL REQUIREMENTS MARKET ACCESS MINISTERIAL MEETING MONETARY POLICIES NEGATIVE IMPACT POLICY MEASURES POLICY OPTION POLICY REFORMS POLICY RESEARCH POVERTY REDUCTION PROTECTIONISM PROTECTIONIST PROTECTIONIST MEASURES PROTECTIONIST PRESSURE REAL INCOME REGIONAL TRADE REGIONAL TRADE AGREEMENTS ROUND NEGOTIATIONS RULES OF ORIGIN SAFEGUARD ACTIONS SAFEGUARD MEASURES SUBSIDY PROGRAMS TARIFF BINDINGS TARIFF RATES TRADE BARRIERS TRADE COSTS TRADE DISTORTION TRADE FACILITATION TRADE FLOWS TRADE IN GOODS TRADE IN SERVICES TRADE MEASURES TRADE POLICIES TRADE POLICY TRADE POLICY ENVIRONMENT TRADE PREFERENCES TRADE PROTECTION TRADE REMEDIES TRADE VOLUMES TRADING PARTNERS TRADING SYSTEM TRANSACTIONS COSTS VOLUNTARY EXPORT RESTRAINTS WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO WTO AGREEMENT WTO AGREEMENTS WTO COMMITMENTS WTO MEMBERS WTO PRINCIPLES WTO RULES Saez, Sebastian Managing Trade Policy During the Economic Crisis
relation	PREM Notes; No. 140
description	The global economic crisis has triggered rapid responses by governments worldwide to counteract its domestic effects, through fiscal stimulus packages, expansionary monetary policies, and financial bailouts. Ad hoc trade policy measures are increasingly being put in place. All countries share the responsibility of preserving a stable and predictable trade policy environment. To this end, trade policies must contribute to maintaining an open trading system consistent with World Trade Organization (WTO) principles. With the sharp decline in global merchandise trade volumes, expected to fall by 9 percent in 2009, countries have resorted to an array of measures to counter the detrimental effects of the crisis on their respective economies. Because this decline is a consequence of a deterioration of global demand, trade measures are not an effective response to this problem. On the contrary, policies that contribute to an open and stable trading system are the best policy option for the world community, especially in the current context.
format	Publications & Research :: Brief
author	Saez, Sebastian
author_facet	Saez, Sebastian
author_sort	Saez, Sebastian
title	Managing Trade Policy During the Economic Crisis
title_short	Managing Trade Policy During the Economic Crisis
title_full	Managing Trade Policy During the Economic Crisis
title_fullStr	Managing Trade Policy During the Economic Crisis
title_full_unstemmed	Managing Trade Policy During the Economic Crisis
title_sort	managing trade policy during the economic crisis
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2009/07/11362161/managing-trade-policy-during-economic-crisis http://hdl.handle.net/10986/11113
_version_	1764415572729135104

Managing Trade Policy During the Economic Crisis

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