Agriculture and the WTO: Creating a Trading System for by Merlinda D. Ingco, John D. Nash

By Merlinda D. Ingco, John D. Nash

Constructing nations have a tremendous stake within the consequence of exchange negotiations performed less than the auspices of the area exchange association (WTO). 'Agriculture and the WTO: making a buying and selling procedure for improvement' explores the foremost concerns and suggestions in agricultural alternate liberalization from the viewpoint of those constructing international locations. major specialists in exchange and agriculture from either constructed and constructing nations supply key learn findings and coverage analyses on a number concerns that incorporates industry entry, family help, export festival, quota management equipment, foodstuff defense, biotechnology, highbrow estate rights, and agricultural exchange below the Uruguay around contract on Agriculture. fabric is roofed in precis and in accomplished element with assisting information, a considerable bibliography, and listings of on-line assets. This ebook may be of curiosity to policymakers and analysts within the fields of improvement economics and commodities pricing and alternate.

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Extra info for Agriculture and the WTO: Creating a Trading System for Development (World Bank Trade and Development Series)

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C. UNCTAD (United Nations Conference on Trade and Development). 1994. Directory of Import Regimes. Geneva. ———. 1999. Trade Analysis and Information System. 02, CD-ROM. Geneva. Valdés, A. 1998. ” In J. Nash and W. , Trade Policy Reform: Lessons and Implications. : World Bank. , and R. Sharma. 2002. ” Paper presented at the World Bank/ International Agricultural Trade Research Consortium Conference, June 16–17, Whistler Valley, British Columbia, Canada. World Bank. 1994. Adjustment in Africa: Reforms, Results, and the Road Ahead.

This system maintained a stable price within the EU by using the same postcustoms duty price for all imports. The lower the border price of the product, the higher the tariff, resulting in a stable consumer price. With the stable price objective, other countries restricted the import volume, allowing imports when the domestic price increased and banning imports when it fell. These approaches stabilized prices within the importing country, but usually at a high level and have been blamed for amplifying international price fluctuations.

Reciprocity, Concessions, and All That Reciprocity—the idea that each step a participant in negotiations takes toward liberalization is a concession, to be balanced or “paid for” by an equivalent concession from other participants whose trade will benefit—is a concept that is deep-rooted in the work of the WTO and the GATT. Its origins and clearest expression are in bilateral tariff negotiations, in which countries seek the reduction of import duties that hamper access of their export products to foreign markets; value the offers made by their negotiating partners in terms of present tariff levels, the percentage reduction in prospect, current trade flows, and the size of the potential market; and use this valuation in setting their own offers.

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