Eliminating excessive tariffs on exports of least developed countries
AbstractMost goods imported from developing countries, enter Quad markets duty-free, and, average tariffs in Quad markets are very low. But tariffs for some commodities are over one hundred percent. Such"tariff peaks"are often concentrated in products developing countries want to export: agricultural, and food products - especially such staples as sugar, cereals, and fish; fruits and vegetables; food products with a high sugar content; and, tobacco, and alcoholic beverages - and products from such labor-intensive sectors as apparel, and footwear. Giving least developed countries full duty- and quota-free access in the Quad for peak-tariff products would increase their total annual exports by eleven percent - or roughly $ 2.5 billion. Exports to Quad countries of peak-tariff products, would expand by 30-60 percent. Considering that peak-tariff items account for only a small share of developing countries'exports, granting lest developed countries duty-free access, would have only a negligible impact on other developing countries. For the same reason, Quad imports increase only marginally, suggesting that this factor should not constrain implementation of duty-free access for the poorest countries.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 2604.
Date of creation: 31 May 2001
Date of revision:
Crops&Crop Management Systems; Export Competitiveness; Agribusiness&Markets; Food&Beverage Industry; Economic Theory&Research; TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT; Export Competitiveness; Agribusiness&Markets; Water and Industry; Environmental Economics&Policies;
Other versions of this item:
- Bernard Hoekman & Francis Ng & Marcelo Olarreaga, 2002. "Eliminating Excessive Tariffs on Exports of Least Developed Countries," World Bank Economic Review, World Bank Group, World Bank Group, vol. 16(1), pages 1-21, June.
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