Triggers, Remedies, and Tariff Cuts: Assessing the Impact of a Special Safeguard Mechanism for Developing Countries
AbstractThe 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 membersâ€™ bound and applied tariffs.
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Bibliographic InfoArticle provided by Estey Centre for Law and Economics in International Trade in its journal Estey Centre Journal of International Law and Trade Policy.
Volume (Year): 10 (2009)
Issue (Month): 1 ()
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More information through EDIRC
agriculture; Doha Development Agenda; July Package; Special Safeguard Mechanism; World Trade Organization; International Relations/Trade;
Other versions of this item:
- Grant, Jason H. & Meilke, Karl D., 2008. "Triggers, Remedies and Tariff Cuts: Assessing the Impact of a Special Safeguard Mechanism for Developing Countries," Working Papers 46627, Canadian Agricultural Trade Policy Research Network.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Somwaru, Agapi & Skully, David W., 2005. "Will Special Agricultural Safeguards Advance or Retard LDC Growth and Welfare? A Dynamic General Equilibrium Analysis," 2005 Annual meeting, July 24-27, Providence, RI 19533, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Jason H. Grant & Karl D. Meilke, 2006. "The World Trade Organization Special Safeguard Mechanism: A Case Study of Wheat," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 28(1), pages 24-47.
- Vald S, Alberto & Foster, William, 2003. "Special safeguards for developing country agriculture: a proposal for WTO negotiations," World Trade Review, Cambridge University Press, vol. 2(01), pages 5-31, March.
- Hertel, Thomas W. & Martin, William J. & Leister, Amanda M., 2010.
"Potential Implications of a Special Safeguard Mechanism in the WTO: the Case of Wheat,"
2010 Annual Meeting, July 25-27, 2010, Denver, Colorado
61000, Agricultural and Applied Economics Association.
- Hertel, Thomas W. & Martin, Will & Leister, Amanda M., 2010. "Potential implications of a special safeguard mechanism in the WTO : the case of wheat," Policy Research Working Paper Series 5334, The World Bank.
- Peyton M Ferrier & Amanda M Leister, 2011. "Trigger Points of the Special Safeguard Mechanism," Economics Bulletin, AccessEcon, vol. 31(4), pages 3211-3220.
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