ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Choosing the Appropriate Tariff Reduction Formula in NAMA

Many have interpreted the adoption of a "Swiss formula with coefficients" in the non-agricultural market access negotiations at the WTOâ??s Hong Kong ministerial as an acceptance of the "dirty" Swiss formula, which cuts industrial tariffs steeply and higher rates even more drastically. This is, however, not true, as a distinction needs to be made between a Swiss formula and a modified Swiss formula. The coefficients of the formula should be such that "less than full reciprocity" in reduction commitments is really honoured. Examples are provided here to demonstrate which formula might best fulfil this criterion.

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