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Title: Formula Approaches for Market Access Negotiations

Author(s): Joseph Francois and Will Martin

Publication Date: January 2003

Keyword(s): market access, tariff formulas and WTO

Programme Area(s): International Trade and Regional Economics

Abstract: Most of the large tariff reductions achieved in multilateral trade negotiations have involved tariff-cutting formulas such as the ?Swiss? formula. Wide variations in initial tariff rates between active participants, however, call for new approaches under the Doha Development Agenda. This Paper surveys a range of formula options and examines both targeted and flexible applications of the Swiss formula that target tariff escalation and peaks, and would allow policymakers to directly target how far they will move towards free trade, while providing some flexibility for trading off reductions in peak tariffs against reductions in lower-tariff sectors.

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Bibliographic Reference

Francois, J and Martin, W. 2003. 'Formula Approaches for Market Access Negotiations'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3720