Integrating the Least Developed Countries into the World Trading System : The Current Impact of EU Preferences under Everything but Arms
Trade preferences are a key element in industrial countries' efforts to assist the integration of least developed countries (LDCs) into the world economy. Brenton provides an initial evaluation of the impact of the European Union's recent...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2003/04/2306081/integrating-least-developed-countries-world-trading-system-current-impact-eu-preferences-under-everything-arms http://hdl.handle.net/10986/18259 |
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okr-10986-182592021-04-23T14:03:42Z Integrating the Least Developed Countries into the World Trading System : The Current Impact of EU Preferences under Everything but Arms Brenton, Paul AGRICULTURAL PRODUCTS AVERAGE TARIFF AVERAGE TARIFFS CUSTOMS DOMESTIC MARKET EXPORT DIVERSIFICATION EXPORT EARNINGS EXPORT OPPORTUNITIES EXPORT SHARE EXPORTERS EXPORTS EXTERNAL TARIFF FREE ACCESS FULL LIBERALIZATION IMPACT OF TRADE IMPORTS INTERNATIONAL MARKETS INTERNATIONAL TRADE LDCS MARKET ACCESS MEAT MEAT PRODUCTS MILK PREFERENTIAL ACCESS PREFERENTIAL TRADE PRICE VOLATILITY PRIMARY PRODUCTS PRODUCERS PRODUCTS QUANTITATIVE RESTRICTIONS REDUCTION OF BARRIERS RESTRICTIVE RULES OF ORIGIN RULES OF ORIGIN SUGAR SUGAR TARIFF PREFERENCES TARIFF RATE TECHNICAL ASSISTANCE TRADE BARRIERS TRADE DEFLECTION TRADE DIVERSIFICATION TRADE POLICY TRADE PREFERENCES URUGUAY ROUND VALUE ADDED VALUE OF EXPORTS WORLD TRADING SYSTEM WTO TRADING RICE SUGAR BANANAS EXPORT DIVERSIFICATION COSTS TRADE STRUCTURE PREFERENCE ANALYSIS DUTY-FREE IMPORTATION LEAST DEVELOPED COUNTRIES RULES OF ORIGIN MANUFACTURING PRODUCTION ECONOMIC POLICY & PLANNING WTO TRADING Trade preferences are a key element in industrial countries' efforts to assist the integration of least developed countries (LDCs) into the world economy. Brenton provides an initial evaluation of the impact of the European Union's recently introduced "Everything but Arms" (EBA) initiative on the products currently exported by the LDCs. He shows that the changes introduced by the EBA initiative in 2001 are relatively minor for currently exported products, primarily because over 99 percent of EU imports from the LDCs are in products which the EU had already liberalized, and the complete removal of barriers to the key remaining products-rice, sugar, and bananas-has been delayed. Brenton looks at the role EU preferences to LDCs in general have been playing and could play in assisting the integration of the LDCs. He shows that there is considerable variation across countries in the potential impact that EU preferences can have given current export structures. There is a group of LDCs for whom EU trade preferences on existing exports are not significant since these exports are mainly of products where the most-favored-nation duty is zero. Export diversification is the key issue for these countries. For other LDCs, EU preferences have the potential to provide a more substantial impact on trade. However, the author shows that only 50 percent of EU imports from non-ACP (Africa, Caribbean, and Pacific) LDCs which are eligible actually request preferential access to the EU. The prime suspect for this low level of use are the rules of origin, both the restrictiveness of the requirements on sufficient processing and the costs and difficulties of providing the necessary documentation. More simple rules of origin are likely to enhance the impact of EU trade preferences in terms of improving market access and in stimulating diversification toward a broader range of exports. 2014-05-12T18:31:59Z 2014-05-12T18:31:59Z 2003-04 http://documents.worldbank.org/curated/en/2003/04/2306081/integrating-least-developed-countries-world-trading-system-current-impact-eu-preferences-under-everything-arms http://hdl.handle.net/10986/18259 English en_US Policy Research Working Paper;No. 3018 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGRICULTURAL PRODUCTS AVERAGE TARIFF AVERAGE TARIFFS CUSTOMS DOMESTIC MARKET EXPORT DIVERSIFICATION EXPORT EARNINGS EXPORT OPPORTUNITIES EXPORT SHARE EXPORTERS EXPORTS EXTERNAL TARIFF FREE ACCESS FULL LIBERALIZATION IMPACT OF TRADE IMPORTS INTERNATIONAL MARKETS INTERNATIONAL TRADE LDCS MARKET ACCESS MEAT MEAT PRODUCTS MILK PREFERENTIAL ACCESS PREFERENTIAL TRADE PRICE VOLATILITY PRIMARY PRODUCTS PRODUCERS PRODUCTS QUANTITATIVE RESTRICTIONS REDUCTION OF BARRIERS RESTRICTIVE RULES OF ORIGIN RULES OF ORIGIN SUGAR SUGAR TARIFF PREFERENCES TARIFF RATE TECHNICAL ASSISTANCE TRADE BARRIERS TRADE DEFLECTION TRADE DIVERSIFICATION TRADE POLICY TRADE PREFERENCES URUGUAY ROUND VALUE ADDED VALUE OF EXPORTS WORLD TRADING SYSTEM WTO TRADING RICE SUGAR BANANAS EXPORT DIVERSIFICATION COSTS TRADE STRUCTURE PREFERENCE ANALYSIS DUTY-FREE IMPORTATION LEAST DEVELOPED COUNTRIES RULES OF ORIGIN MANUFACTURING PRODUCTION ECONOMIC POLICY & PLANNING WTO TRADING |
| spellingShingle |
AGRICULTURAL PRODUCTS AVERAGE TARIFF AVERAGE TARIFFS CUSTOMS DOMESTIC MARKET EXPORT DIVERSIFICATION EXPORT EARNINGS EXPORT OPPORTUNITIES EXPORT SHARE EXPORTERS EXPORTS EXTERNAL TARIFF FREE ACCESS FULL LIBERALIZATION IMPACT OF TRADE IMPORTS INTERNATIONAL MARKETS INTERNATIONAL TRADE LDCS MARKET ACCESS MEAT MEAT PRODUCTS MILK PREFERENTIAL ACCESS PREFERENTIAL TRADE PRICE VOLATILITY PRIMARY PRODUCTS PRODUCERS PRODUCTS QUANTITATIVE RESTRICTIONS REDUCTION OF BARRIERS RESTRICTIVE RULES OF ORIGIN RULES OF ORIGIN SUGAR SUGAR TARIFF PREFERENCES TARIFF RATE TECHNICAL ASSISTANCE TRADE BARRIERS TRADE DEFLECTION TRADE DIVERSIFICATION TRADE POLICY TRADE PREFERENCES URUGUAY ROUND VALUE ADDED VALUE OF EXPORTS WORLD TRADING SYSTEM WTO TRADING RICE SUGAR BANANAS EXPORT DIVERSIFICATION COSTS TRADE STRUCTURE PREFERENCE ANALYSIS DUTY-FREE IMPORTATION LEAST DEVELOPED COUNTRIES RULES OF ORIGIN MANUFACTURING PRODUCTION ECONOMIC POLICY & PLANNING WTO TRADING Brenton, Paul Integrating the Least Developed Countries into the World Trading System : The Current Impact of EU Preferences under Everything but Arms |
| relation |
Policy Research Working Paper;No. 3018 |
| description |
Trade preferences are a key element in
industrial countries' efforts to assist the integration
of least developed countries (LDCs) into the world economy.
Brenton provides an initial evaluation of the impact of the
European Union's recently introduced "Everything
but Arms" (EBA) initiative on the products currently
exported by the LDCs. He shows that the changes introduced
by the EBA initiative in 2001 are relatively minor for
currently exported products, primarily because over 99
percent of EU imports from the LDCs are in products which
the EU had already liberalized, and the complete removal of
barriers to the key remaining products-rice, sugar, and
bananas-has been delayed. Brenton looks at the role EU
preferences to LDCs in general have been playing and could
play in assisting the integration of the LDCs. He shows that
there is considerable variation across countries in the
potential impact that EU preferences can have given current
export structures. There is a group of LDCs for whom EU
trade preferences on existing exports are not significant
since these exports are mainly of products where the
most-favored-nation duty is zero. Export diversification is
the key issue for these countries. For other LDCs, EU
preferences have the potential to provide a more substantial
impact on trade. However, the author shows that only 50
percent of EU imports from non-ACP (Africa, Caribbean, and
Pacific) LDCs which are eligible actually request
preferential access to the EU. The prime suspect for this
low level of use are the rules of origin, both the
restrictiveness of the requirements on sufficient processing
and the costs and difficulties of providing the necessary
documentation. More simple rules of origin are likely to
enhance the impact of EU trade preferences in terms of
improving market access and in stimulating diversification
toward a broader range of exports. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Brenton, Paul |
| author_facet |
Brenton, Paul |
| author_sort |
Brenton, Paul |
| title |
Integrating the Least Developed Countries into the World Trading System : The Current Impact of EU Preferences under Everything but Arms |
| title_short |
Integrating the Least Developed Countries into the World Trading System : The Current Impact of EU Preferences under Everything but Arms |
| title_full |
Integrating the Least Developed Countries into the World Trading System : The Current Impact of EU Preferences under Everything but Arms |
| title_fullStr |
Integrating the Least Developed Countries into the World Trading System : The Current Impact of EU Preferences under Everything but Arms |
| title_full_unstemmed |
Integrating the Least Developed Countries into the World Trading System : The Current Impact of EU Preferences under Everything but Arms |
| title_sort |
integrating the least developed countries into the world trading system : the current impact of eu preferences under everything but arms |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2003/04/2306081/integrating-least-developed-countries-world-trading-system-current-impact-eu-preferences-under-everything-arms http://hdl.handle.net/10986/18259 |
| _version_ |
1764439495098236928 |