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Assessing the adjustment implications of trade policy changes using the Tariff Reform Impact Simulation Tool (TRIST)

In: INTERNATIONAL TRADE, DISTRIBUTION AND DEVELOPMENT Empirical Studies of Trade Policies

Author

Listed:
  • PAUL BRENTON
  • CHRISTIAN SABOROWSKI
  • CORNELIA STARITZ
  • ERIK VON UEXKULL

Abstract

TRIST is a simple, easy to use, country focused tool to assess the short-term adjustment implications of trade reform. It has been developed to improve the information available to policy makers in developing countries. It has the following key features: projections are based on revenues actually collected at the tariff line level rather than simply applying statutory rates, as incurrently available tools; it is transparent, runs in Excel, with formulas and calculation steps visible to the user, and is open-source with users free to change, extend, or improve according to their needs; it has high policy relevance because it projects the impact of tariff reform on total fiscal revenue from imports (including VAT and excise taxes) and results are available at the product level so that sensitive products or sectors can be identified; the tool is flexible and can incorporate tariff liberalization scenarios involving any group of trading partners and any schedule of products. This paper describes the TRIST tool and provides arange of examples that demonstrate the insights that the tool can provide to policy makers on the short-term adjustment impacts of reducing tariffs.

Suggested Citation

  • Paul Brenton & Christian Saborowski & Cornelia Staritz & Erik Von Uexkull, 2014. "Assessing the adjustment implications of trade policy changes using the Tariff Reform Impact Simulation Tool (TRIST)," World Scientific Book Chapters, in: INTERNATIONAL TRADE, DISTRIBUTION AND DEVELOPMENT Empirical Studies of Trade Policies, chapter 8, pages 153-181, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814603386_0008
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    Cited by:

    1. Dillen, Koen, 2015. "The Russian ban on EU agricultural imports: A bilateral extension of AGLINK-COSIMO," 2015 Conference, August 9-14, 2015, Milan, Italy 211574, International Association of Agricultural Economists.
    2. Jaime de Melo, 2020. "A Dashboard for Trade Policy Diagnostics," Working Papers hal-03004368, HAL.

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