What Has Been Left to Multilateralism to Negotiate On?

Christophe Bureau, Houssein Guimbard and Sebastien Jean

No 332753, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: This paper proposes a unique overview of trade policies trends since the launch of the Doha Round, based on detailed data on tariffs and trade covering 130 countries. We show that regionalism has delivered limited effective liberalization so far, only originating a 0.3 percentage point (p.p.) cut in the worldwide average applied tariff duty between 2001 and 2013. WTO commitments (1.0 p.p. average cut) and unilateral liberalizations on an MFN basis (1.3 p.p.) mattered far more on average, with more uneven consequences. As a result, we reckon that trade policy changes between 2001 and 2013 have divided by three the worldwide welfare gains to be expected from the tariff-cutting provisions of hypothetical Doha Agreement. Would all on-going RTA negotiations be concluded, expected gains would decline until one quarter of their 2001 level.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:332753

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