Bishop, Phillip M.; Nicholson, Charles F.; Pratt, James E. - East Asian Bureau of Economic Research (EABER) - 2001
The difficulty of reliably and accurately incorporating tariffrate quotas (TRQs) into trade models has received a lot of attention in recent years. As a result of the Uruguay Round of GATT negotiations, TRQs replaced an assortment of tariff and nontariff instruments in an effort to standardise...