Developing Countries and a New Round of WTO Negotiations

Hertel, Thomas W.; Hoekman, Bernard M.; Martin, Will

Developing Countries and a New Round of WTO Negotiations

2002

Hertel, Thomas W. | Hoekman, Bernard M. | Martin, Will

This article summarizes some of the results and findings emerging from an ongoing World Bank a research and capacity-building project that focuses on the World Trade Organization (WTO) negotiating agenda from a developing country perspective. Recent research suggests that the potential gains from further multilateral liberalization of trade remain very large. The payoffs associated with attempts to introduce substantive disciplines in the WTO on domestic regulatory regimes are much less certain. This suggests that the focus of current and future negotiations should be primarily on the bread and butter of the multilateral trading system-the progressive liberalization of barriers to trade in goods and services on a nondiscriminatory basis. In addition, priority should be given to ensuring that rules are consistent with the development needs of poorer countries and to helping developing countries implement WTO obligations.

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AGROVOC Keywords

accounting agricultural commodities agricultural products agricultural trade agriculture capacity building commodities consumers developed countries developing countries development economics development policies dispute settlement e-commerce economic development economic implications economic integration environmental standards export promotion export subsidies exports fair trade foreign firms free trade globalization imports income industrial countries industrial products industrialization instrument insurance international bank international cooperation international trade investment policies levies market access patents property rights social safety nets tourism trade barriers trade facilitation trade liberalization trade negotiations trade policies trade protection valuation value added wages world trade organization wto

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Publisher

World Bank, Washington, DC

Other Subjects

Liberalization of trade; Market failure; Market failures; Competition policy; Binding constraint; Benefits of trade; Preferential trade; Barrier; Quota rents; Legal regimes; Labor standards; Trade volume; Quota tariff; General agreement on tariffs; Regional integration; Econometric analyses; Tariff bindings; Foreign ownership; Agricultural support; General equilibrium; Economic cooperation; Average tariff; Participation constraints; High tariffs; Rates of protection; Import duty; Trade effects; Trading system; Voluntary export restraint; International harmonization; Investment regimes; Trade negotiation; Tariff rate; Enforcement mechanism; Political economy; Economic research; Tariff rate quotas; Quota tariffs; Industrial economies; Trade policy; Average tariffs; International economy; Tariff escalation; Competition law; Multilateral negotiations; Exporters; Import barriers; Multilateral agreement; Multilateral trade liberalization; Foreign equity; Economic theory; Renegotiation; Trade relations; Customs; Trade in goods; Market structures; Trade agenda; Border protection; Voluntary export restraints; Apparel; Return; Income level; Trade in services; Safety net; International development; Trading; Tariff rates; Multilateral rules; General agreement on trade in services; Protectionist; Competition policies; Tariff protection; Trade reform; Changes in trade; Regulatory standards; Preferential market access; Per capita incomes; Technical assistance; Barriers to trade; Harmonization; Exogenous shocks; Child labor; Transparency; Liberalization; Economic efficiency; Openness; Regulatory regime; Development strategies; Foreign exchange; National treatment; Most favored nation; Investment barriers; World economy; Regulatory regimes; Real income; Output; Comparative advantage; New markets; Trade flows; Specific commitments; Technical regulations; Coordination failures; Competition authorities; Tariff barriers; Export products; Domestic regulation; Developing country; Free access; Technical cooperation; Global trade; Intellectual property; Quota volume; World prices; Financial services; Incomes; Equity holdings; Terms-of-trade effect; Settlement; Welfare gains; Developing economies; Agricultural exporters; Government policies; Export markets; Foreign investors; International transport; Preferential trade agreements; International agreement; Multilateral liberalization; World trade; Trade-related investment; Trade remedies; Agricultural support policies; Uruguay round; Externalities; Technology transfers; Foreign direct investment; Applied tariff; International economics; Investment policy; Small countries; Multilateral trade; Tax concession; Per capita income; Tariff reduction; Domestic market; Tax; Customs valuation; Capacity constraints; Global economic prospects; Customs procedures; Trade sanctions; Agricultural negotiations; Domestic economy; Economic relations

License

http://hdl.handle.net/10986/16462http://creativecommons.org/licenses/by-nc-nd/3.0/igoWorld BankCC BY-NC-ND 3.0 IGO

Type

Journal Article; Journal Part

In AGRIS since: 2014-09-15

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Developing Countries and a New Round of WTO Negotiations

2002

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