External Trade

Blochdi

Description

External Trade. Duty and quota-free access to LDCs: the multilateralisation of. Everything But Arms. Michaela Dodini. European Commission. DG Trade ...

Sujets

• Économie
• Economy

Informations

• Publié par: paul.vallen
• Nombre de lectures: 16
• Langue: English

Extrait

Duty and quotafree access to LDCs: the multilateralisation of Everything But Arms

Michaela Dodini European Commission DG Trade

Duty and quotafree access to LDCs

A concrete, overdue sign of goodwill: mid 1990s, LDC III (2001), Doha, MDG etc. Persistently small LDC trade share A test case for SDT? A tool to mitigate preference erosion An important development deliverable for Hong Kong

100

90

80

70

60

50

Duty free access (excl. arms)

1996

2001

LDCs LDCs excl oil

2002

2003

DQF: how generous?

Coverage:  All products, incl. sensitive ones  All LDCs: no cherry picking, no conditionality Stability, predictability: No reviews, no time limits Binding? Effectiveness :  Rules of origin SPS, technical requirements Actual supply capacity (cf aid for trade)

Duty and quota free vs MFN liberalisation

Similar shortfalls of other preferential trading arrangements Trade diversion Vested interests against MFN liberalisation Less incentive for trade reforms Who incorporates the benefits? MFN first best, but political reality of negotiations

Scheme EU EBA (2001) US AGOA

US enhanced GSP Canada LDC T (improv e d 2003)

Japan GSP+ (improv e d 2003)

Coverage Al lLDCs, a l lproducts, trans ition per iods 25 African LDCs (7 e xcluded), e xcludes so me te xti els and a gri products Excl. 8 LDCs and severa l sens itive products Al lLDCs, e xcl. da iry, pou ltry, e ggs

Al lLDCs (so me hav e notappleid) Negat ive and pos itive l sits

Stabili ty Unlimited, no rev ie ws Unti l2015, rev ie ws regu lar ly

Unti l2006

Unti l2014

Unti l2011

Rules of orig in  mixed (rev ie w)  reg iona l cu mulat ion  35% va lue a dded  app a re l LDCs spec ia l rule  (e xcl. 10 LDCs)   35% va lue add e d  reg iona l c umulat ion

40% va lue a dded  loca l yarn  cu mulat i on 25%  tar iff head ing  cu mulat ion J apan

Political economy

A political commitment in Hong Kong  implementation details before end DDA LDC: 0.5% of world trade, limited supply capacity in most sensitive products Gap between likely economic impact and political sensitivity EU (+Australia/New Zealand): lead by example? DCs and LDCs (GSTP and unilateral)