Flexibility Provisions

Flexibility provisions in Global Commerce Policy

In this regard, a definition of this issue is as follows: these relate to the reductions to be made in agricultural export subsidies as a result of the Uruguay Round negotiations. The entries on trade policy are here. If a country’s export subsidies increased since the 1986-90 base period on which the negotiations were based, it had the option of using 1991-92 as the base period. However, the end-points for achieving the reductions remain the same. Flexibility provisions are also contained in the Agreement on Textiles and Clothing. They permit swing (transfer of part of an export quota for one product to another product), carryover (the use in the current year of an unused export quota from the previous year) and carry forward (the use of part of next year’s quota during the current year). The flexibility provisions mentioned in the Agreement on Textiles and Clothing had their origin in the Multi-Fibre Arrangement. See also Agreement on Agriculture.[1]

Flexibility provisionsin the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Flexibility provisions” entry (OAS)

See Also