Early Voluntary Sectoral Liberalization

Early Voluntary Sectoral Liberalization in Global Commerce Policy

In this regard, early voluntary sectoral liberalization is: EVSL. The entries on trade policy are here. A program for tariff liberalization initiated at the November 1996 APEC Economic Leaders’ Meeting. The entries on trade policy are here. Economies agreed to identify sectors where early voluntary liberalization would have a positive impact on trade, investment and economic growth in the individual APEC economies as well as in the region. 41 sectors were originally proposed for EVSL, of which 15 were adopted for further action by the APEC Ministerial Meeting held at Vancouver in November 1997. Nine sectors were then selected for implementation in 1999: environmental goods and services, energy sector, fish and fish products, toys, forest products, gems and jewellery, medical equipment and instruments, chemicals and a telecommunications mutual recognition arrangement. More preparatory work was to be done on the remaining six sectors: environmental goods and services, natural and synthetic rubber, fertilizers, automotive, oilseeds and oilseed products, and civil aircraft. The program covered tariff and non-tariff measures as well as elements of trade facilitation and economic and technical cooperation. Soon arguments developed over its scope. Some members claimed that the program was voluntary. The entries on trade policy are here. In November 1998 the initiative was converted into accelerated tariff liberalization and forwarded to the WTO for further work. See also individual action plans.[1]

Early Voluntary Sectoral Liberalizationin the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Early Voluntary Sectoral Liberalization” entry (OAS)

See Also