Tariff and Non-tariff Barriers to Trade in Korea

Tariff and Non-Tariff Barriers to Trade

that restrict trade between countries in agricultural commodities. Many of these policies are now subject to important disciplines under the 1994 GATT agreement that is administered by the World Trade Organization (WTO). The paper is organized as follows. First, tariffs, import quotas, and tariff rate quotas are discussed. Then, a series of non-tariff barriers to trade are examined, including v...

Non-Tariff Barriers and Trade Liberalization∗

This paper shows that governments have no incentive to introduce non-tariff barriers when they are free to set tariffs but they do when tariffs are determined cooperatively. We then show three results. First, with trade liberalization, there is a progression from using tariffs only to quotas, and to antidumping constraints (when quotas are jointly eliminated). Second, there is a narrowing of th...

The InvIsIble barrIers To Trade how busInesses experIence non-TarIff measures THE INVISIBLE BARRIERS TO TRADE

Tariff Equivalent of Technical Barriers to Trade with Imperfect Substitution and Trade Costs

The price-wedge method yields a tariff-equivalent estimate of technical barriers to trade (TBT). An extension of this method accounts for imperfect substitution between domestic and imported goods and incorporates recent findings on trade costs. We explore the sensitivity of this revamped tariff equivalent estimate to its determinants (substitution elasticity, preference for home good, trade co...

Non-Tariff Barriers, Integration, and the Trans-Atlantic Economy