Dept Of Trade And Industry Consumer Safety Report For 1st April 1983 To 31st March 1988 Received 28 October 1988

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 9781557750372
Total Pages : 192 pages
Book Rating : 4.7/5 (53 download)

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Download or read book Issues and Developments in international Trade Policy written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-12-15 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses reviews major issues and developments in the trade area and outlines the problems in the multilateral trading system that governments face as they seek to liberalize trade in the Uruguay Round of trade negotiations. The paper’s emphasis is on policy developments in the major trading nations as they relate to trade in both industrial and agricultural products. The survey also includes a review of trade policies in developing countries and refers to available quantitative evidence on protectionism wherever possible. The increased use of nontariff measures reflects, in part, the fact that most industrial countries have “bound” a considerable proportion of their tariffs, particularly on industrial products, at relatively low levels. Restrictions are particularly widespread in industries suffering from excess capacity (such as steel) and where comparative advantage has generally shifted to developing countries. The lack of major liberalization in agriculture in the US–Canada Free Trade Agreement has led some industrial countries to suggest that the US interest in multilateral negotiations is now primarily in agriculture and in some selected new areas, such as telecommunications, banking, and patent protection.