Multilateral Tariff Liberalisation and the Developing Countries
• Tariffs still matter. • Full tariff liberalisation to 2010 would generate dynamic welfare gains of $1 200 billion (at 1995 prices), equivalent to 3 per cent of World GDP in 2010, from greater efficiency and higher productivity. • Developing countries stand to gain relatively more from multilateral tariff liberalisation, with aggregate gains amounting to nearly 5 per cent of their GDP in 2010. • The next WTO round will provide an opportunity for members to improve their living standards. Realising this potential, however, poses a major policy challenge to developing countries.
Year of publication: |
2001-08-07
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Authors: | Dessus, Sébastien ; Fukasaku, Kiichiro ; Safadi, Raed |
Institutions: | Centre de développement, Organisation de Coopération et de Développement Économiques (OCDE) |
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