OECD Development Centre Policy Briefs
- Discontinued
The OECD Development Centre links OECD members with developing and emerging economies and fosters debate and discussion to seek creative policy solutions to emerging global issues and development challenges. OECD Development Centre Policy Briefs summarise conclusions reached for policy makers.
Also available in: French
- ISSN: 20771681 (online)
- https://doi.org/10.1787/20771681
Multilateral Tariff Liberalisation and the Developing Countries
• Tariffs still matter.
• Full tariff liberalisation to 2010 would generate dynamic welfare gains of $1 200 billion (at 1995 prices), equivalent to 3 per cent of World GDP in 2010, from greater efficiency and higher productivity.
• Developing countries stand to gain relatively more from multilateral tariff liberalisation, with aggregate gains amounting to nearly 5 per cent of their GDP in 2010.
• The next WTO round will provide an opportunity for members to improve their living standards. Realising this potential, however, poses a major policy challenge to developing countries.
Also available in: French
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