The Multilateral Trading System

Richard Eglin
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Richard Eglin: General Agreement on Tariffs and Trade

Chapter 19 in The European Community after 1992, 1992, pp 401-416 from Palgrave Macmillan

Abstract: Abstract In 1965, the compatibility of the European Common Market for manufactured goods with the multilateral trading system was confirmed by the consolidation of the Common External Tariff (CET) and its reduction during the Dillon and Kennedy Rounds of multilateral trade negotiations. Jaquemin and Sapir (1989) have concluded that the subsequent rapid expansion of intra-EC trade resulted mainly from trade creation, and that trade diversion was relatively unimportant. In contrast, the Common Agricultural Policy (CAP) produced predominantly trade diversion, and has continued to do so ever since.

Keywords: Trade Policy; Common Agricultural Policy; National Treatment; Uruguay Round; Trade Diversion (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12048-2_19

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DOI: 10.1007/978-1-349-12048-2_19

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