In the past few decades China has put substantial efforts into liberalising its trade and economy that accelerated after its accession to the World Trade Organisation (WTO) in December 2001. In this period China has significantly reduced its tariffs on manufacturing imports. However, the...

The current WTO negotiations on industrial tariffs have focused largely on a formula approach to cutting tariffs, but the process of trying to find a compromise that would satisfy all sides has led to a number of propositions that entail blending various elements of formulae, sectoral...