1887

An Evaluation of the Terms of Accession to the World Trade Organization

A Comparative Assessment of Services and Goods Sector Commitments by WTO Members and Acceding Countries

image of An Evaluation of the Terms of Accession to the World Trade Organization

The relevant provisions for accession to the WTO do not provide an adequate legal basis for the process. Its inherent flaws have resulted in demands on acceding countries which are invariably onerous and bear little or no relation to their size, significance or development status. This book uses econometric tools to conduct a comparative assessment of commitments in the goods and services sectors. For the services sector, the authors find that at all three levels of services classification the commitments of postUruguay Round acceding countries far exceed those of their WTO member counterparts. In the goods sector, apart from the much greater binding coverage rate, the bound tariff rate for acceding countries is much lower than their WTO member counterparts. The book also provides country specific commitment comparisons after controlling for the level of economic development of the countries. In conclusion, the authors make brief recommendations for reform of the process of accession, in light of the costs incurred by applicant countries in the process.

English

.

Simultaneous Accession to the European Union

For the countries of Bulgaria, Croatia, Estonia, Latvia and Lithuania, the process of accession to the WTO has been accompanied by simultaneous efforts to complete the process of accession to the European Union. These countries have had to respond to the challenge of accession to the EU, the process of compliance towards which could have resulted in an upward bias in the commitments made at the WTO. Hence the analysis in this section is based on the premise that statistical comparison of commitments between the WTO members and WTO acceding members might bring about biased results in showing excessive commitments on the part of acceding countries resulting from negotiations during EU accession for the above five countries.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error