Saborowski, ChristianBrenton, PaulStaritz, Corneliavon Uexkull, Erik2012-03-192012-03-192009-09-01https://hdl.handle.net/10986/4272TRIST is a simple, easy to use tool to assess the adjustment implications of trade reform. It improves on existing tools. First, it is an improvement in terms of accuracy because projections are based on revenues actually collected at the tariff line level rather than simply applying statutory rates. Second, it is transparent and open; runs in Excel, with formulas and calculation steps visible to the user; and is open-source and users are free to change, extend, or improve according to their needs. Third, TRIST has greater policy relevance because it projects the impact of tariff reform on total fiscal revenue (including VAT and excise) and results are broken down to the product level so that sensitive products or sectors can be identified. And fourth, the tool is flexible and can incorporate tariff liberalization scenarios involving any group of trading partners and any schedules of products. This paper describes the TRIST tool and provides a range of examples that demonstrate the insights that the tool can provide to policy makers on the adjustment impacts of reducing tariffs.CC BY 3.0 IGOACCOUNTINGADVERSE IMPACTAGGREGATE IMPORTSAGRICULTUREAPPARELAPPLIED TARIFFAVERAGE TARIFFBANK POLICYBENEFICIARYBENEFITS OF TRADECAPITAL GOODSCHECKSCOLLECTED TARIFFCOLLECTED TARIFFSCOMMON MARKETCOMPETITION EFFECTCONSUMER EXPENDITURECONSUMERSCOUNTRY OF ORIGINCUSTOMSCUSTOMS AUTHORITIESCUSTOMS DUTIESCUSTOMS REGIMECUSTOMS UNIONDEMAND ELASTICITIESDEMAND ELASTICITYDEVELOPING COUNTRIESDOMESTIC CONSUMPTIONDOMESTIC MARKETDOMESTIC PRODUCTIONECONOMIC DISTORTIONSELASTICITY OF SUBSTITUTIONELIMINATION OF TARIFFSEQUILIBRIUMEXCISE TAXESEXPENDITUREEXPENDITURESEXPORT BIASEXPORT SECTORSEXPORTEREXPORTERSEXPORTSEXTERNAL TARIFFEXTERNAL TARIFFSFACTORS OF PRODUCTIONFINANCIAL SUPPORTFOREIGN EXCHANGEFOREIGN INVESTMENTFOREIGN SOURCESFREE ACCESSFREE MARKET ACCESSFREE TRADEFREE TRADE AGREEMENTGENERAL EQUILIBRIUMGLOBAL COMPETITIVENESSGOVERNMENT REVENUESHIGH TARIFFSIMPACT OF TRADEIMPACT OF TRADE REFORMSIMPORT DUTIESIMPORT MARKETSIMPORT PRICEIMPORT PRICESIMPORT REGIMESIMPORT TAXIMPORT TAXESIMPORT VALUEIMPORT VOLUMESIMPORTSINCOME GROUPSINDUSTRIAL PRODUCTIONINSURANCEINTERNATIONAL BANKINTERNATIONAL ECONOMICSINTERNATIONAL TRADELEVEL OF PROTECTIONLEVYMARKET PRICEMARKET SHAREMEMBER COUNTRIESMULTILATERAL NEGOTIATIONSMULTILATERAL TRADEMULTILATERAL TRADE REFORMMUTUAL TRADENON-TARIFF BARRIERSOPEN ECONOMIESOPENNESSPOLICY RESPONSEPOLITICAL ECONOMYPREFERENTIAL REDUCTIONPREFERENTIAL REDUCTION OF TARIFFSPREFERENTIAL TARIFFPREFERENTIAL TARIFFSPREFERENTIAL TRADEPREFERENTIAL TRADE AGREEMENTPREFERENTIAL TRADE AGREEMENTSPRICE CHANGEPRICE CHANGESPRICE OF IMPORTSPROCESS OF DEVELOPMENTREAL EXCHANGE RATEREAL EXCHANGE RATE IMPACTREAL INCOMEREDUCTION IN TARIFFSREGIONAL TRADEREGIONAL TRADE AGREEMENTSREGIONAL TRADE INTEGRATIONRELATIVE PRICE OF GOODSRULES OF ORIGINSAFETY NETSSOURCINGSUBSTITUTION EFFECTTARIFF CHANGESTARIFF EXEMPTIONSTARIFF LEVELSTARIFF LINETARIFF LINESTARIFF RATETARIFF RATESTARIFF REDUCTIONTARIFF REDUCTIONSTARIFF REFORMTARIFF REVENUETARIFF REVENUESTARIFF SCHEDULETARIFF SCHEDULESTAX RATETAX REVENUETAX REVENUESTOTAL REVENUETRADE DISTORTIONSTRADE DIVERSIONTRADE FLOWSTRADE INTEGRATIONTRADE LIBERALIZATIONTRADE MODELTRADE PARTNERSTRADE POLICYTRADE POLICY FORMULATIONTRADE POLICY MAKINGTRADE POLICY REFORMTRADE POLICY REFORMSTRADE REFORMTRADE REFORMSTRADE REGIMETRADE TAXTRADINGTRADING PARTNERTRADING PARTNERSTRANSACTIONTRANSPARENCYTRUST FUNDUNILATERAL REFORMSVALUATIONVALUE OF IMPORTSWELFARE IMPACTSWORLD PRICEWTOZERO TARIFFSWorld Bank10.1596/1813-9450-5045