Chapter

Trade in Goods

Bernard M. Hoekman and Michel M. Kostecki

in The Political Economy of the World Trading System

Second edition

Published in print July 2001 | ISBN: 9780198294313
Published online November 2003 | e-ISBN: 9780191596445 | DOI: http://dx.doi.org/10.1093/019829431X.003.0006
 Trade in Goods

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The main GATT (General Agreement on Tariffs and Trade) rules on specific instruments of trade control––tariffs, quotas, subsidies, customs procedures, and product standards are described, and the political economy rationale underlying them are discussed. The sections of the chapter are as follows: Tariffs, para‐tariffs and indirect taxes; Quantitative restrictions and import licensing; Customs clearance‐related provisions; subsidies; State trading enterprises; Technical regulations and product standards; Sanitary and phytosanitary measures; Trade‐related investment measures; and Conclusion.

Keywords: customs procedures; GATT; General Agreement on Tariffs and Trade; import licensing; indirect taxes; investment; para‐tariffs; phytosanitary measures; product standards; quotas; regulations; sanitary measures; state trading enterprises; tariffs; trade control

Chapter.  26437 words. 

Subjects: International Economics

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