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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:What are OECD Trade Preferences Worth to Sub-Saharan Africa?
Author:Yeats, Alexander J.
Periodical:African Studies Review
Geographic terms:Western countries
Subsaharan Africa
Subjects:preferential tariffs
international relations
Economics and Trade
External link:https://www.jstor.org/stable/525475
Abstract:Since the GATT's Uruguay Round will lower trade barriers on a most-favoured-nation (MFN) basis it poses a dilemma for preference-receiving countries. This paper examines whether or not liberalization of nontariff barriers could offset potential export losses countries in sub-Saharan Africa will experience due to erosion of tariff preferences. Three separate issues are addressed. First, the relative importance of specific products and of OECD markets for African exporters is assessed to determine where analysis of the Uruguay Round's effects should focus. Second, detailed information on trade barriers maintained by the World Bank and UNCTAD is employed to assess the importance of tariffs (and tariff preferences) facing African countries in their key export markets. This section employs a World Bank trade projection model to quantify the effects of MFN tariff cuts on African exports. Third, the study employs an inventory of OECD countries' nontariff measures to assess the incidence of these restrictions on African exports and the likely effects of their liberalization. The paper concludes that African export losses associated with an erosion of OECD trade preferences within a Uruguay Round agreement would likely exceed any gains from liberalization of nontariff measures. Bibliogr., notes, ref.