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picture1_Agriculture Presentation Pdf 80423 | Will Martin E


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File: Agriculture Presentation Pdf 80423 | Will Martin E
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 ...

icon picture PPT Filetype Power Point PPT | Posted on 07 Sep 2022 | 3 years ago
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  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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