Formula Approaches for Market Access Negotiations

Joseph Francois () and Will J Martin ()

No 02-125/2, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: Most of the large tariff reductions achieved in multilateral trade negotiations have involved tariff-cutting formulas such as the "Swiss" formula. However, wide variations in initial tariff rates between active participants call for new approaches under the Doha Development Agenda. This paper surveys a range of formula options and examines both targeted and flexible applications of the Swiss formula that target tariff escalation and peaks, and would allow policy makers to directly target how far they will move towards free trade, while providing some flexibility for trading off reductions in peak tariffs against reductions in lower-tariff sectors.

Keywords: Market access; Tariff formulas; WTO (search for similar items in EconPapers)
JEL-codes: F13 F1 (search for similar items in EconPapers)
Date: Written 2002-12-18
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Related works:
Working Paper: Formula Approaches for Market Access Negotiations (2003)
Journal Article: Formula Approaches for Market Access Negotiations (2003)
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