«Tariff water» and International Trade

Timur Mamedovich Aliev and Olga Vladimirovna Ponomareva
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Timur Mamedovich Aliev: Russian Foreign Trade Academy
Olga Vladimirovna Ponomareva: Russian Foreign Trade Academy

Russian Foreign Economic Journal, 2020, issue 11, 36-46

Abstract: The article deals with the analysis of the tariff regulation of international trade in terms of both the WTO commitments and regional trade agreements. In particular, the authors consider the issue of the difference between the bound and applied tariff rates, the so-called "tariff water" and review the estimates of potential effects of trade policy uncertainty associated with this phenomenon offered in existing economic research literature. Theoretical and empirical studies show the negative relationship between the level of „tariff water“ and exports to the country. The article was written on the basis of the RANEPA state assignment research programme

Keywords: international trade; WTO; trade policy; protectionism; uncertainty; regional trade agreements; RTAs; bound tariffs (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2020_11_36-46

DOI: 10.24411/2072-8042-2020-10110

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