Trade Preference Erosion : Measurement and Policy Response

The multilateral trade system rests on the principle of nondiscrimination. The most-favored-nation (MFN) clause embodied in article one of the General Agreement on Tariffs and Trade (GATT) was the defining principle for a system that emerged in the post, Second World War era, largely in reaction to...

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Main Authors:	Hoekman, Bernard, Martin, Will, Primo Braga, Carlos A.
Format:	Publication
Language:	en_US
Published:	Washington, DC: World Bank and Palgrave Macmillan 2012
Subjects:	Agreement on Textiles General Agreement on Tariffs Generalized System of Preferences International Trade Commission multilateral trade liberalization nondiscriminatory trade preferential market access preferential access Rules of Origin tariff rate quotas trade barriers trade diversion trade liberalization trademarks Uruguay Round World Trade Organization WTO
Online Access:	http://hdl.handle.net/10986/9437

id	okr-10986-9437
recordtype	oai_dc
spelling	okr-10986-94372021-04-23T14:02:45Z Trade Preference Erosion : Measurement and Policy Response Hoekman, Bernard Martin, Will Primo Braga, Carlos A. Agreement on Textiles General Agreement on Tariffs Generalized System of Preferences International Trade Commission multilateral trade liberalization nondiscriminatory trade preferential market access preferential access Rules of Origin tariff rate quotas trade barriers trade diversion trade liberalization trademarks Uruguay Round World Trade Organization WTO The multilateral trade system rests on the principle of nondiscrimination. The most-favored-nation (MFN) clause embodied in article one of the General Agreement on Tariffs and Trade (GATT) was the defining principle for a system that emerged in the post, Second World War era, largely in reaction to the folly of protectionism and managed trade that contributed to the global economic depression of the 1930s. From its origins, however, the GATT has allowed for exemptions from the MFN rule in the case of reciprocal preferential trade agreements. It also permits granting unilateral (nonreciprocal) preferences to developing countries. To provide some background for the debate on the potential extent and implications of preference erosion, the chapters in this volume review the value of preferences for beneficiary countries, assess the implications of preference erosion under different global liberalization scenarios, and discuss potential policy responses. One set of chapters focuses on the nonreciprocal preference schemes of individual industrial countries, particularly, Australia, Canada, Japan, the United States, and the member states of the European Union (EU). A second set of chapters considers sectoral features of these preference schemes, such as those applying to agricultural and nonagricultural products, and the important arrangements for textiles and clothing. A final set of chapters considers the overall effects of preferences and the options for dealing with preference erosion resulting from nondiscriminatory trade liberalization. 2012-08-08T20:03:48Z 2012-08-08T20:03:48Z 2009 978-0-8213-7707-9 http://hdl.handle.net/10986/9437 en_US Trade and Development; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank and Palgrave Macmillan Publications & Research :: Publication Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	Agreement on Textiles General Agreement on Tariffs Generalized System of Preferences International Trade Commission multilateral trade liberalization nondiscriminatory trade preferential market access preferential access Rules of Origin tariff rate quotas trade barriers trade diversion trade liberalization trademarks Uruguay Round World Trade Organization WTO
spellingShingle	Agreement on Textiles General Agreement on Tariffs Generalized System of Preferences International Trade Commission multilateral trade liberalization nondiscriminatory trade preferential market access preferential access Rules of Origin tariff rate quotas trade barriers trade diversion trade liberalization trademarks Uruguay Round World Trade Organization WTO Hoekman, Bernard Martin, Will Primo Braga, Carlos A. Trade Preference Erosion : Measurement and Policy Response
relation	Trade and Development;
description	The multilateral trade system rests on the principle of nondiscrimination. The most-favored-nation (MFN) clause embodied in article one of the General Agreement on Tariffs and Trade (GATT) was the defining principle for a system that emerged in the post, Second World War era, largely in reaction to the folly of protectionism and managed trade that contributed to the global economic depression of the 1930s. From its origins, however, the GATT has allowed for exemptions from the MFN rule in the case of reciprocal preferential trade agreements. It also permits granting unilateral (nonreciprocal) preferences to developing countries. To provide some background for the debate on the potential extent and implications of preference erosion, the chapters in this volume review the value of preferences for beneficiary countries, assess the implications of preference erosion under different global liberalization scenarios, and discuss potential policy responses. One set of chapters focuses on the nonreciprocal preference schemes of individual industrial countries, particularly, Australia, Canada, Japan, the United States, and the member states of the European Union (EU). A second set of chapters considers sectoral features of these preference schemes, such as those applying to agricultural and nonagricultural products, and the important arrangements for textiles and clothing. A final set of chapters considers the overall effects of preferences and the options for dealing with preference erosion resulting from nondiscriminatory trade liberalization.
format	Publications & Research :: Publication
author	Hoekman, Bernard Martin, Will Primo Braga, Carlos A.
author_facet	Hoekman, Bernard Martin, Will Primo Braga, Carlos A.
author_sort	Hoekman, Bernard
title	Trade Preference Erosion : Measurement and Policy Response
title_short	Trade Preference Erosion : Measurement and Policy Response
title_full	Trade Preference Erosion : Measurement and Policy Response
title_fullStr	Trade Preference Erosion : Measurement and Policy Response
title_full_unstemmed	Trade Preference Erosion : Measurement and Policy Response
title_sort	trade preference erosion : measurement and policy response
publisher	Washington, DC: World Bank and Palgrave Macmillan
publishDate	2012
url	http://hdl.handle.net/10986/9437
_version_	1764409355843665920

Trade Preference Erosion : Measurement and Policy Response

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