- Several square brackets on thresholds and targets (e.g. in domestic support cuts) removed
- A “tariff cap” that isn’t: ‘sensitive’ products may have tariffs greater than 100% (!!) with a small (0.5%) expansion in the tariff quota and of course there are special ‘exceptions’ for the astronomical levels of protection in Iceland, Japan, Norway, Switzerland that are allowed to breach the 100% cap in non-sensitive products.
- Sensitive product quota expansion of 3% to 4% of domestic consumption as determined by a method (‘partial designation‘) designed to so confuse the issue of what a ‘product’ is that, in reality, you can discount the growth factor by (say) the ‘number you first thought of…’
- A set of proposals (in an additional paper) for accommodating the demand from Canada and Japan that they should be allowed to create new tariff quotas as part of this substantial improvement in market access: a new regression in the Doha modalities
- A complex set of provisions to permit developing countries to breach their pre-Doha bound rates of duty as part of a Special Safeguard Mechanism (another new regression in the Doha modalities)
Peter Gallagher is a leading Australian consultant on trade and public policy.[bio].
"I can help you with strategies for, and analysis of, international markets, law and regulations, trade agreements, export policies, import restrictions… I also offer reports, conferences and master-classes for government officials and industry associations on international trade research."
Email: Peter Gallagher