Opening agricultural markets: through tariff cuts in the WTO
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Date
2021-06-01
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Australian Bureau of Agricultural and Resource Economics
Abstract
Countries' tariff commitments in the WTO are made on bound or maximum tariffs. In many instances, the bound rates are above both the tariff rates that importing countries actually apply and the effective levels of protection for agricultural products in these countries. The extent to which the bound rate exceeds the applied rate or the level of protection whichever is the greater is termed water in the tariff.
Description
Keywords
Agriculture, Tariff