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

Bibliographic information

Publisher

World Bank, Washington, DC

Other Subjects

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

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

In AGRIS since: 2014-09-15

Format: AGRIS AP

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Links

http://hdl.handle.net/10986/16462

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