The WTO Special Safeguard Mechanism: A Case Study of Wheat

Jason Grant () and Karl Meilke

No 24158, Working Papers from Canadian Agricultural Trade Policy Research Network

Abstract: A special safeguard mechanism is an attractive policy tool for low income importing countries because it is automatic and does not require an injury test. Exporters might accept a safeguard for low income countries if it results in larger tariff cuts than in its absence. Using wheat as a case study the effects of a special safeguard mechanism on market stability and welfare are evaluated. The results show that a safeguard mechanism is not very trade distorting and costs less than 20 percent of the world welfare gain that would be realized if developing countries were not granted a safeguard.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 28
Date: 2005
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:catpwp:24158

DOI: 10.22004/ag.econ.24158

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