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Export Promotion: Market Access, Credits and Aid

In: Trade Policies towards Developing Countries

Author

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  • Stuart K. Tucker

Abstract

Traditionally the US has resisted large budgetary commitments to export promotion. Instead it has relied on multilateral negotiations, bilateral negotiations, technical assistance to exporters and the generic benefits of growth and development to increase markets for US goods. However the economic turbulence of the 1980s created perceptions of imbalanced commitments and unfair practices. The US Congress responded with pressure on the executive branch to act unilaterally if necessary to defend critical trading interests. Section 301 negotiation procedures were modified. Export credit ‘warchests’ were authorised. Subsidies for agricultural exports were established in the 1985 farm act to bolster both US trade and US negotiators. Concern grew substantially regarding the possible negative impact of multilateral aid on US trade. Although each of these efforts is portrayed as standing up for US rights and potentially assisting the liberalisation of the trading system, each is more likely to hurt the trading interests of developing countries than to help.

Suggested Citation

  • Stuart K. Tucker, 1993. "Export Promotion: Market Access, Credits and Aid," Palgrave Macmillan Books, in: Ippei Yamazawa & Akira Hirata (ed.), Trade Policies towards Developing Countries, chapter 11, pages 161-171, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22982-6_11
    DOI: 10.1007/978-1-349-22982-6_11
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