Autonomous Liberalization

Autonomous liberalization in Global Commerce Policy

In this regard, autonomous liberalization is: countries often lower their tariffs or remove other market access restrictions without being asked by others. They do so because they envisage a flow of benefits for their economies. The extent to which they should be able to claim payment for their autonomous liberalization in multilateral trade negotiations then becomes an issue for negotiators. The entries on trade policy are here. A notional credit is created to exact payment from others, sometimes with the use of complicated formulas. The logic of using negotiating credit in this way is not always clear since the country benefiting most from autonomous trade liberalization is the country doing it in the first place.[1]

Autonomous liberalizationin the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Autonomous liberalization” entry (OAS)

See Also