Integrating the Least Developed Countries into the World Trading System : The Current Impact of EU Preferences under Everything but Arms

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Brenton, Paul
dc.date.accessioned
2014-05-12T18:31:59Z
dc.date.available
2014-05-12T18:31:59Z
dc.date.issued
2003-04
dc.date.lastModified
2017-12-14T09:02:08Z
dc.description.abstract
Trade preferences are a key element in industrial countries' efforts to assist the integration of least developed countries (LDCs) into the world economy. Brenton provides an initial evaluation of the impact of the European Union's recently introduced "Everything but Arms" (EBA) initiative on the products currently exported by the LDCs. He shows that the changes introduced by the EBA initiative in 2001 are relatively minor for currently exported products, primarily because over 99 percent of EU imports from the LDCs are in products which the EU had already liberalized, and the complete removal of barriers to the key remaining products-rice, sugar, and bananas-has been delayed. Brenton looks at the role EU preferences to LDCs in general have been playing and could play in assisting the integration of the LDCs. He shows that there is considerable variation across countries in the potential impact that EU preferences can have given current export structures. There is a group of LDCs for whom EU trade preferences on existing exports are not significant since these exports are mainly of products where the most-favored-nation duty is zero. Export diversification is the key issue for these countries. For other LDCs, EU preferences have the potential to provide a more substantial impact on trade. However, the author shows that only 50 percent of EU imports from non-ACP (Africa, Caribbean, and Pacific) LDCs which are eligible actually request preferential access to the EU. The prime suspect for this low level of use are the rules of origin, both the restrictiveness of the requirements on sufficient processing and the costs and difficulties of providing the necessary documentation. More simple rules of origin are likely to enhance the impact of EU trade preferences in terms of improving market access and in stimulating diversification toward a broader range of exports.
en
dc.identifier
http://documents.worldbank.org/curated/en/2003/04/2306081/integrating-least-developed-countries-world-trading-system-current-impact-eu-preferences-under-everything-arms
dc.identifier.uri
http://hdl.handle.net/10986/18259
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 3018
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
AGRICULTURAL PRODUCTS
dc.subject
AVERAGE TARIFF
dc.subject
AVERAGE TARIFFS
dc.subject
CUSTOMS
dc.subject
DOMESTIC MARKET
dc.subject
EXPORT DIVERSIFICATION
dc.subject
EXPORT EARNINGS
dc.subject
EXPORT OPPORTUNITIES
dc.subject
EXPORT SHARE
dc.subject
EXPORTERS
dc.subject
EXPORTS
dc.subject
EXTERNAL TARIFF
dc.subject
FREE ACCESS
dc.subject
FULL LIBERALIZATION
dc.subject
IMPACT OF TRADE
dc.subject
IMPORTS
dc.subject
INTERNATIONAL MARKETS
dc.subject
INTERNATIONAL TRADE
dc.subject
LDCS
dc.subject
MARKET ACCESS
dc.subject
MEAT
dc.subject
MEAT PRODUCTS
dc.subject
MILK
dc.subject
PREFERENTIAL ACCESS
dc.subject
PREFERENTIAL TRADE
dc.subject
PRICE VOLATILITY
dc.subject
PRIMARY PRODUCTS
dc.subject
PRODUCERS
dc.subject
PRODUCTS
dc.subject
QUANTITATIVE RESTRICTIONS
dc.subject
REDUCTION OF BARRIERS
dc.subject
RESTRICTIVE RULES OF ORIGIN
dc.subject
RULES OF ORIGIN
dc.subject
SUGAR
dc.subject
SUGAR
dc.subject
TARIFF PREFERENCES
dc.subject
TARIFF RATE
dc.subject
TECHNICAL ASSISTANCE
dc.subject
TRADE BARRIERS
dc.subject
TRADE DEFLECTION
dc.subject
TRADE DIVERSIFICATION
dc.subject
TRADE POLICY
dc.subject
TRADE PREFERENCES
dc.subject
URUGUAY ROUND
dc.subject
VALUE ADDED
dc.subject
VALUE OF EXPORTS
dc.subject
WORLD TRADING SYSTEM
dc.subject
WTO TRADING
dc.subject
RICE
dc.subject
SUGAR
dc.subject
BANANAS
dc.subject
EXPORT DIVERSIFICATION
dc.subject
COSTS
dc.subject
TRADE STRUCTURE
dc.subject
PREFERENCE ANALYSIS
dc.subject
DUTY-FREE IMPORTATION
dc.subject
LEAST DEVELOPED COUNTRIES
dc.subject
RULES OF ORIGIN
dc.subject
MANUFACTURING PRODUCTION
dc.subject
ECONOMIC POLICY & PLANNING
dc.subject
WTO
dc.subject
TRADING
dc.title
Integrating the Least Developed Countries into the World Trading System : The Current Impact of EU Preferences under Everything but Arms
en
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2003/04/2306081/integrating-least-developed-countries-world-trading-system-current-impact-eu-preferences-under-everything-arms
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-3018
okr.identifier.externaldocumentum
000094946_03050904081347
okr.identifier.internaldocumentum
2306081
okr.identifier.report
WPS3018
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/05/23/000094946_03050904081347/Rendered/PDF/multi0page.pdf
en
okr.topic
International Economics and Trade :: Access to Markets
okr.topic
International Economics and Trade :: Trade Policy
okr.topic
International Economics and Trade :: Free Trade
okr.topic
International Economics and Trade :: Export Competitiveness
okr.topic
Macroeconomics and Economic Growth :: Markets and Market Access
okr.topic
Economic Theory and Research
okr.topic
Agribusiness and Markets
okr.unit
International Trade Department, Poverty Reduction and Economic Management Network
okr.volume
1

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