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Formula Approaches for Market Access Negotiations

Author

Listed:
  • Joseph Francois

    (Faculty of Economics, Erasmus University Rotterdam)

  • Will Martin

    (World Bank, Washington)

Abstract

Most of the large tariff reductions achieved in multilateral tradenegotiations have involved tariff-cutting formulas such as the "Swiss"formula. However, wide variations in initial tariff rates between activeparticipants call for new approaches under the Doha Development Agenda.This paper surveys a range of formula options and examines both targetedand flexible applications of the Swiss formula that target tariff escalation andpeaks, and would allow policy makers to directly target how far they willmove towards free trade, while providing some flexibility for trading offreductions in peak tariffs against reductions in lower-tariff sectors.

Suggested Citation

  • Joseph Francois & Will Martin, 2002. "Formula Approaches for Market Access Negotiations," Tinbergen Institute Discussion Papers 02-125/2, Tinbergen Institute.
    • Handle: RePEc:tin:wpaper:20020125
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    References listed on IDEAS

    as
    1. Laird, Sam, 1998. "Multilateral approaches to market access negotiations," WTO Staff Working Papers TPRD-98-02, World Trade Organization (WTO), Economic Research and Statistics Division.
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    7. Hoekman, Bernard, 2002. "Strengthening the global trade architecture for development," Policy Research Working Paper Series 2757, The World Bank.
    8. Martin,Will & Winters,L. Alan (ed.), 1996. "The Uruguay Round and the Developing Countries," Cambridge Books, Cambridge University Press, number 9780521586016, Enero-Abr.
    9. Francois, Joseph F. & Martin, Will, 2004. "Commercial policy variability, bindings, and market access," European Economic Review, Elsevier, vol. 48(3), pages 665-679, June.
    10. Bernard Hoekman & Francis Ng & Marcelo Olarreaga, 2002. "Eliminating Excessive Tariffs on Exports of Least Developed Countries," The World Bank Economic Review, World Bank, vol. 16(1), pages 1-21, June.
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    Full references (including those not matched with items on IDEAS)

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    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F1 - International Economics - - Trade

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