117x Filetype PPT File size 1.32 MB Source: www.wto.org
Roadmap Analyzing the 2008 market access reforms How we represent the formulas & flexibilities Implications for tariffs levied & faced Implications for real incomes The Tiered Formula for Agric MA Developed Developing Tier Range, % % Cut Range, % % Cut I 0-20 50 0-30 33.3 II 20-50 57 30-80 38 III 50-75 64 80-130 42.7 IV >75 70 >130 46.7 Average cut Min 54 Max 36 The Tiered Formula in Agriculture Add in deeper cuts Tariff Escalation Processed products Products subject to tariff escalation are moved up a tier. Top tier– add 6% pts Tropical & Short product list diversification Tariffs ≤ 10 0 products 10-75, cut by 70% 75, cut by 78% Country flexibilities Least Developed Countries No cuts required. Increase NAMA bindings Small & Vulnerable Economies (SVEs) • Agric cuts 10% pts less in each tier or average-cut of 24% • NAMA: bind at an average tariff of 30% or lower Recently-Acceded Members (RAMs) agric • Cuts reduced by 8% pts in each band • Zero cuts below 10% • 1/10th more Special Products Para 6 Countries (NAMA only) • <35% of tariffs bound • No cuts but must bind most tariffs
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