WTO Accession and Post-Accession Trade Policy by Selected Transition Economies in the Caucasus and Central Asia

Takamiya, Kenji

doi:10.22617/brf220240-2

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2024

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“…3 For more comprehensive discussions on trade policies and performances of selected EAEU members, see Takamiya (2022). the general incidence of duties and regulations of commerce at the WTO does not necessarily deter upward tariff adjustments by the constituent economies of the customs union, as elaborated in this brief.…”

Section: Introductionmentioning

confidence: 99%

Article XXIV of the General Agreement on Tariffs and Trade in Light of Regional Trade Integration in Eurasia

Takamiya

2024

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and the Russian Federation formed the Eurasian Economic Union (EAEU). Armenia and the Kyrgyz Republic acceded to the union in the same year and raised their trade-weighted average of the most-favored nation applied tariff rates for alignment with the EAEU's common external tariff rates.• Article XXIV of the General Agreement on Tariffs and Trade of the World Trade Organization broadly discourages external tariff rates from being raised after the formation of a customs union. However, the present method for calculating the general incidence of duties and regulations of commerce does not necessarily deter upward tariff adjustments by each of the constituent economies.• The general incidence should be calculated to discourage such upward tariff adjustments. Ideally, trade-weighted average pre-customs-union tariff rates of individual countries, rather than that of the prospective customs union, should be adopted as a baseline benchmark.

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Section: Introductionmentioning

confidence: 99%

Article XXIV of the General Agreement on Tariffs and Trade in Light of Regional Trade Integration in Eurasia

Takamiya

2024

ADB Briefs

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WTO Accession and Post-Accession Trade Policy by Selected Transition Economies in the Caucasus and Central Asia

Cited by 1 publication

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Article XXIV of the General Agreement on Tariffs and Trade in Light of Regional Trade Integration in Eurasia

Article XXIV of the General Agreement on Tariffs and Trade in Light of Regional Trade Integration in Eurasia

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