Triggers, Remedies, and Tariff Cuts: Assessing the Impact of a Special Safeguard Mechanism for Developing Countries

Jason Grant () and Karl Meilke

Estey Centre Journal of International Law and Trade Policy, 2009, vol. 10, issue 01, 24

Abstract: The WTO negotiations broke down on July 30th, 2008 because members could not bridge their differences over the operation of a Special Safeguard Mechanism (SSM). This article evaluates the latest SSM proposal using the world wheat market as our case study. Whether low-income WTO members should be allowed to breach their pre-Doha bound tariffs is a key element of our analysis. The SSM leads to sizeable additional duties but is not very trade distorting, even when pre-Doha bound rates are breached. Moreover, the extent to which low-income countries should be allowed to exceed pre-Doha bound rates depends heavily on the product under consideration, the ambition of the tariff cutting exercise, and the gap between members’ bound and applied tariffs.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (11)

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Working Paper: Triggers, Remedies and Tariff Cuts: Assessing the Impact of a Special Safeguard Mechanism for Developing Countries (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ecjilt:50103

DOI: 10.22004/ag.econ.50103

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