TY - BOOK ID - 133365926 TI - Preference Erosion And Multilateral Trade Liberalization AU - Francois, Joseph AU - Hoekman, Bernard AU - Manchin, Miriam PY - 2005 PB - Washington, D.C., The World Bank, DB - UniCat KW - Access KW - Debt Markets KW - Economic Theory and Research KW - Emerging Markets KW - Export Diversification KW - Export Performance KW - Finance and Financial Sector Development KW - Free Trade KW - Free Trade Agreements KW - Global Trade KW - International Economics & Trade KW - International Trade KW - Law and Development KW - Liberalization Of Trade KW - Macroeconomics and Economic Growth KW - Multilateral Liberalization KW - Multilateral Trade Liberalization KW - Preferential Access KW - Private Sector Development KW - Public Sector Development KW - Reciprocal Basis KW - Reciprocity KW - Tariff KW - Tariff Reductions KW - Tariffs KW - Trade KW - Trade and Regional Integration KW - Trade Law KW - Trade Negotiations KW - Trade Policies KW - Trade Policy KW - Trade Preferences UR - https://www.unicat.be/uniCat?func=search&query=sysid:133365926 AB - Because of concern that OECD tariff reductions will translate into worsening export performance for the least developed countries, trade preferences have proven a stumbling block to developing country support for multilateral liberalization. The authors examine the actual scope for preference erosion, including an econometric assessment of the actual utilization and the scope for erosion estimated by modeling full elimination of OECD tariffs, and hence full most-favored-nation liberalization-based preference erosion. Preferences are underutilized due to administrative burden-estimated to be at least 4 percent on average-reducing the magnitude of erosion costs significantly. For those products where preferences are used (are of value), the primary negative impact follows from erosion of EU preferences. This suggests the erosion problem is primarily bilateral rather than a WTO-based concern. ER -