Tariff Negotiations

Tariff negotiations in Global Commerce Policy

In this regard, tariff negotiations is: a key function of the WTO. From the entry into force of the GATT on 1 January 1948 until the Dillon Round of 1960-61, tariffs were negotiated item by item or product by product under the request- and-offers system. The principal supplier of a product to another GATT member had the right to request tariff reductions. From the Kennedy Round onwards, linear tariff cuts became the dominant method. Whole sections of the tariff were thereby reduced uniformly according to an agreed formula. The entries on trade policy are here. In the Tokyo Round, the Swiss formula for linear tariff cuts was used as a working hypothesis under which higher tariffs were reduced by a greater proportion than low ones. Tariff negotiations in the Uruguay Round were partly of the product-by-product type and partly zero-for- zero tariff reductions under which tariffs are reduced to zero for whole classes of products. See also harmonized tariff reductions, Information Technology Agreement, principal supplier rights, renegotiation of tariffs and sectoral trade negotiations.[1]

Tariff negotiationsin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

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Notes and References

Dictionary of Trade Policy, “Tariff negotiations” entry (OAS)

Hierarchical Display of Tariff negotiations

Trade > Tariff policy > Tariff policy
International Relations > International affairs > International agreement > International negotiations
International Organisations > World organisations > World organisation > World Trade Organisation
Trade > International trade > Trade relations > Trade agreement

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Trade > Tariff policy > Tariff policy > Tariff negotiations
International Relations > International affairs > International agreement > International negotiations > Tariff negotiations
International Organisations > World organisations > World organisation > World Trade Organisation > Tariff negotiations
Trade > International trade > Trade relations > Trade agreement > Tariff negotiations

Tariff Negotiations

Tariff Negotiations