Download or read book Trade Preferences and Differential Treatment of Developing Countries written by Bernard Hoekman and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Nonreciprocal trade preferences and provisions in the GATT/WTO that allow developing countries greater leeway to retain or use protectionist policies are two of the central planks of so-called special and differential treatment (SDT) for developing countries in the multilateral trading system. The authors survey the literature on the rationales, institutional features, and economic effectiveness of SDT. A large literature has emerged on SDT in the past 50 years, by both proponents and opponents. They summarize a number of key contributions on the subject, with a special emphasis on the evaluation of the impact of SDT, especially preferential market access. The issue of SDT has become very topical again, following a period during which it was viewed as an outdated concept for the multilateral trading system. The authors therefore devote attention as well to a number of recent contributions that discuss (1) whether there is a continued need for SDT, and (2) how this might be designed from both a development (recipient) objective and from the perspective of the trading system more generally. A major theme of the survey is that most of the issues that are debated today were already being discussed in the 1960s. The authors conclude that those who questioned the value of unilateral preferences have proven to be prescient.
Download or read book Trade Preferences and Differential Treatment of Developing Countries written by Bernard M. Hoekman and published by World Bank Publications. This book was released on 2005 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The issue of SDT has become very topical again, following a period during which it was viewed as an outdated concept for the multilateral trading system. We therefore devote attention as well to a number of recent contributions that discuss (i) whether there is a continued need for SDT, and (ii) how this might be designed from both a development (recipient) objective and from the perspective of the trading system more generally. A major theme of the survey is that most of the issues that are debated today were already being discussed in the 1960s. We conclude that those who questioned the value of unilateral preferences have proven to be prescient.
Download or read book More Favorable and Differential Treatment of Developing Countries written by Bernard M. Hoekman and published by World Bank Publications. This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors discuss optio ...
Download or read book The Development Dimension written by James Bacchus and published by Routledge. This book was released on 2021-02-24 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book critically analyses the World Trade Organization’s approach to "special and differential treatment" (SDT) to argue that it is founded on seeking exemptions from WTO obligations, instead of creating an enabling environment for developing countries to integrate fully into the multilateral trading system. Through six key sections: United States Proposal on Special and Differential Treatment Responses to United States Proposal The Evolution of Differential Treatment Failure of the Current Approach to Differential Treatment Complications Created by China’s Emergence in the Global Economy An Alternative Approach to Differential Treatment this book explores how, by adopting a new evidence-based, case-by-case approach to SDT, the development of the poorest countries can best be advanced, while at the same time ensuring that advanced developing countries carry their weight in the organization. It will be of interest to scholars and students of international trade law and political science, as well as trade practitioners such as lawyers, diplomats, and analysts.
Download or read book The Development Dimension written by James Bacchus and published by Routledge. This book was released on 2021-02-24 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book critically analyses the World Trade Organization’s approach to "special and differential treatment" (SDT) to argue that it is founded on seeking exemptions from WTO obligations, instead of creating an enabling environment for developing countries to integrate fully into the multilateral trading system. Through six key sections: United States Proposal on Special and Differential Treatment Responses to United States Proposal The Evolution of Differential Treatment Failure of the Current Approach to Differential Treatment Complications Created by China’s Emergence in the Global Economy An Alternative Approach to Differential Treatment this book explores how, by adopting a new evidence-based, case-by-case approach to SDT, the development of the poorest countries can best be advanced, while at the same time ensuring that advanced developing countries carry their weight in the organization. It will be of interest to scholars and students of international trade law and political science, as well as trade practitioners such as lawyers, diplomats, and analysts.
Download or read book The Development Dimension written by James Bacchus and published by . This book was released on 2020 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rethinking developing country status at the World Trade Organization (WTO) is essential for the modernization and survival of the institution. The Trump administration has recognized this challenge and is seeking changes to the flexibilities provided to developing countries. Referred to as “special and differential treatment” (SDT), there are 183 provisions in the WTO agreements that give developing countries special rights. These include longer time periods to implement obligations, preferential tariff schemes, and technical support from developed countries. SDT was envisioned as a means to help the poorest WTO Members meet their obligations to the fullest extent possible. But, today, when rapidly growing markets with significant global reach lay claim to these special rights, does it serve this purpose? The Trump administration thinks it does not. A recent reform proposal from the United States claims that SDT reflects an outdated dichotomy between developed and developing countries, and that the ability of countries to “self-declare” their developing country status amplifies this problem. Without a clear definition of what special rights SDT provides, the United States' proposal argues, it is difficult to ascertain objectively who should receive those benefits, and for how long. A number of other developed countries have come out in support of reform, and their discussions highlight the need to establish a path forward. For their part, most developing countries continue to defend the current approach to SDT.This paper argues that the basic flaw in the WTO's current approach to SDT is that it is founded on seeking exemptions from WTO obligations instead of the means to enable developing countries to meet these obligations and thus integrate them fully into the multilateral trading system. The United States is correct in pointing out the inherent unfairness in the application of SDT, which does not differentiate between levels of development among developing countries. As a result, the poorest countries are made worse off, while those that are economically better off receive a “free ride” from the rest of the multilateral trading system. By adopting a new evidence-based, case-by-case approach to SDT, the concerns of the poorest countries can be better addressed, while at the same time ensuring that advanced developing countries carry their weight in the organization.
Download or read book The Role of Special and Differential Treatment for Developing Countries in GATT and the World Trade Organization written by Constantine Michalopoulos and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Weaknesses in the institutional capacity of many developing countries provide a rationale for continuing special and differential treatment under the World Trade Organization (WTO), but the benefits should be targeted only to low-income developing countries and those that need help becoming integrated with the international trading system. An effective system of graduation should be put in place for higher-income developing countries.
Download or read book Trade Preferences to Small Developing Countries and the Welfare Costs of Lost Multilateral Liberalization written by Nuno Limão and published by World Bank Publications. This book was released on 2005 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proliferation of preferential trade liberalization over the last 20 years has raised the question of whether it slows down multilateral trade liberalization. Recent theoretical and empirical evidence indicates this is the case even for unilateral preferences that developed countries provide to small and poor countries but there is no estimate of the resulting welfare costs. To avoid this stumbling block effect we suggest replacing unilateral preferences by a fixed import subsidy. We argue that this scheme would reduce the drag of preferences on multilateral liberalization and generate a Pareto improvement. More importantly, we provide the first estimates of the welfare cost of preferential liberalization as a stumbling block to multilateral liberalization. By combining recent estimates of the stumbling block effect of preferences with data for 170 countries and over 5,000 products we calculate the welfare effects of the United States, European Union and Japan switching from unilateral preferences to Least Developed Countries to the import subsidy scheme. Even in a model with no dynamic gains to trade we find that the switch produces an annual net welfare gain for the 170 countries ($4,354 million) and for each group: the United States, European Union and Japan ($2,934 million), Least Developed Countries ($520 million) and the rest of the world ($900 million).
Download or read book Special and Differential Treatment for Developing Countries written by Kiichiro Fukasaku and published by . This book was released on 2000 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Policy Responses to Preference Erosion written by Bernard M. Hoekman and published by World Bank Publications. This book was released on 2005 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade preferences are a central issue in ongoing efforts to negotiate further multilateral trade liberalization. "Less preferred" countries are increasingly concerned about the discrimination they confront, while "more preferred" developing countries worry that WTO-based liberalization of trade will erode the value of current preferential access regimes. This tension suggests there is a political economy case for preference-granting countries to explicitly address erosion fears. The authors argue that the appropriate instrument for this is development assistance. The alternative of addressing erosion concerns through the trading system will generate additional discrimination and trade distortions, rather than moving the WTO toward a more liberal, non-discriminatory regime. They further argue that prospective losses generated by most-favored-nation liberalization should be quantified on a bilateral basis, using methods that estimate what the associated transfer should have been and ignoring the various factors that reduce their value in practice (such as compliance costs or the fact that part of the rents created by preference programs accrue to importers in OECD countries). Given that many poor countries have not been able to benefit much from preference programs, a case is also made that preference erosion should be considered as part of a broader response by OECD countries to calls to make the trading system more supportive of economic development. The focus should be on identifying actions and policy measures that will improve the ability of developing countries to use trade for development.
Download or read book Developing Countries and Preferential Services Trade written by Charlotte Sieber-Gasser and published by Cambridge University Press. This book was released on 2016-07-21 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: A discussion of the flexibility in WTO law for developing countries and how it can be used to their economic advantage.
Download or read book More Favorable and Differential Treatment of Developing Countries written by Bernard Hoekman and published by . This book was released on 2016 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hoekman, Michalopoulos, a ...
Download or read book Trade Preferences for Developing Countries written by Tracy Murray and published by London [etc.] : Macmillan. This book was released on 1977 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on trade development for developing countries, namely the ' generalised system of preferential tariffs (gsp) - discusses its evolution, including the role of UN and of GATT and taking into account the role of developed countries, the role of EC countries and the impact of a changed free trade area in Western Europe, and covers economic integration, economic agreement, trade barriers, the new international economic order and 'most favoured nation' tariff reductions. Bibliography, references and statistical tables.
Download or read book The WTO and Sustainable Development written by Gary P. Sampson and published by United Nations University Press. This book was released on 2005 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines international trade policy issues and the role of the World Trade Organization in the context of sustainable development objectives. Topics discussed include: institutional efforts at the intergovernmental level over the past 50 years to address environmental management considerations; trade liberalisation and sustainable assessment scenarios, focusing on the fisheries sector; discrimination and WTO rules; WTO Agreements and standards, notably GATT 1994; multilateral environment agreements (MEAs); developments in biotechnology; WTO General Agreement on Trade in Services (GATS); the current approach of special and differential treatment for developing countries and the need for development strategies and legal flexibility which reflect the economic diversity of developing countries; the role and functioning of the WTO, global governance and policy coherence.
Download or read book Trade Preferences for Developing Countries written by and published by . This book was released on 1997 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Elements of a Preferential System in Trade Among Developing Countries written by United Nations Conference on Trade and Development. Secretariat and published by . This book was released on 1976 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Global System of Trade Preferences Among Developing Countries Special Differential and Non reciprocal Measures in Favour of Least Developed Countries Within a Global System of Trade Preferences Among Developing Countries written by United Nations Conference on Trade and Development. Secretariat and published by . This book was released on 1979 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
