Alternative Approaches to Reciprocal Tariff Liberalization.docVIP

Alternative Approaches to Reciprocal Tariff Liberalization Arvind Panagariya* *Professor, Department of Economics, University of Maryland, College Park MD 20742. Panagari@econ.umd.edu Alternative Approaches to Reciprocal Tariff Liberalization Arvind Panagariya Article XXVIII bis of the General Agreement on Tariffs and Trade (GATT) calls upon the WTO members to periodically sponsor negotiations aimed at substantial reductions in the general level of tariffs on a reciprocal basis. Paragraph 2(a) of this article states, Negotiations under this Article may be carried out on a selective product-