II Potential Revenue Implications of Trade Reform
Author: Mr. Reint Gropp, Mr. Liam P. Ebrill, and Ms. Janet Gale Stotsky
Language:
English
Keywords:
OP; liberalization; trade; tax; reform; trade reform; tariff barrier; trade revenue; revenue effect; import tariff; reform strategy; Tariffs; Trade barriers; Trade liberalization; Taxes on trade; West Africa; Africa

Abstract

Economists often rank trade liberalization reforms by order of importance, giving highest priority to the reduction or removal of quantitative restrictions and other non tariff barriers to trade or their conversion to tariffs. This is followed by reductions in both the number of distinct tariff rates and the range that they cover (i.e., their dispersion) and finally by reductions in the levels of tariffs. Although this liberalization strategy is typically justified on economic efficiency grounds (Box 1), the initial focus on the removal of non tariff barriers also has the advantage of helping preserve the revenue yield. The agenda for trade reform is also influenced by international practice and agreements and, in particular, by WTO rules and agreements on the design of trade reform.1

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Cover Revenue Implications of Trade Liberalization
Revenue Implications of Trade Liberalization
Author: Mr. Reint Gropp, Mr. Liam P. Ebrill, and Ms. Janet Gale Stotsky
ISBN:
9781557758132
ISSN:
0251-6365
Publication Date:
22 Jul 1999
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557758132.084
Pages:
47

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