The Looming Threat of Tariff Hikes: Entry into Exporting Under Trade Agreement Renegotiation
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Crowley, M. A.
Exton, O.
Han, L.
Abstract
Since the end of World War II, trade policy around the world has been characterized by a tendency toward greater liberalization. Among developed countries, almost all reductions in import tariffs and relaxation of quantitative restrictions have been negotiated under multilateral, preferential, or bilataral trade agreements. Countries engaged in these negotiations have sought to reduce trade barriers relative to the existing level of protectin - the threat point in the event of a breakdown in negotiations has generally been a continuation of the status quo.
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Faculty of Economics, University of Cambridge