Should agriculture be exempt from trade policy reforms in South Asia?

The study aims to analyze Korea’s import trade in agricultural products with (i) the least developed countries (LDCs) and (ii) the Organization for Economic Co-operation and Development (OECD) countries. Extended versions of a gravity model are adopted and the balanced panel data for the unilateral trade over the period of 2003 to 2008 are constructed using the Harmonized System Codes. The Heckman two-stage analysis is incorporated to detect the potential selection bias arising from many zero trades. We find that only preferential tariffs on the LDCs have significantly contributed to the trade flows. However, in contrast, gross domestic products (GDPs), free trade agreements (FTAs), the applied tariff rates, and the exchange rates turn out to be statistically significant in the trade with the OECD countries, thus highlighting the possibility of the potential trade benefits associated with the trade policy reforms. The study is unique in that it empirically estimates the determinants of agricultural trade between the LDCs and developed countries and reveals the potential effectiveness of the preferential treatment and the implementation of the trade policy reforms.

Download Full-text

The effects of trade policy reforms on the agricultural sector of Sudan

International Journal of Business and Globalisation ◽

10.1504/ijbg.2014.059460 ◽

2014 ◽

Vol 12 (2) ◽

pp. 161

Author(s):

Alamedin Bannaga

Keyword(s):

Trade Policy ◽

Agricultural Sector ◽

Policy Reforms

Download Full-text

Trade Policy Reforms and Development

10.4337/9781845425654 ◽

2005 ◽

Cited By ~ 1

Author(s):

Sisira Jayasuriya

Keyword(s):

Trade Policy ◽

Policy Reforms

Download Full-text

Trade Policy in Ethiopia, 1991–2016

The Oxford Handbook of the Ethiopian Economy ◽

10.1093/oxfordhb/9780198814986.013.13 ◽

2019 ◽

pp. 229-248

Author(s):

Berihu Assefa Gebrehiwot

Keyword(s):

Trade Policy ◽

Regional Integration ◽

Policy Instruments ◽

Developmental State ◽

Public Enterprise ◽

Global Integration ◽

Policy Reforms ◽

Policy Regimes ◽

Tariff Structure

The chapter reviews the trade policy regimes and the evolution of the trade policy reforms implemented in Ethiopia since 1993. Trade policy reform measures included import liberalization through rationalization of the tariff structure and reduction of quantitative restrictions, simplified licensing procedures, the introduction of market-oriented and more transparent allocation of foreign exchange, new investment codes, and labour and public enterprise laws. Additional trade policy instruments were introduced to promote investment, exports and industrialization. By the early 2000s, Ethiopia was moving away from the conventional market-oriented policy reforms, and instead pursuing a developmental state approach. In addition, Ethiopia has taken concrete steps with regard to its accession to the WTO, and is a member of a number of continental and regional integration efforts. The chapter assesses how Ethiopia balances its goal of pursuing a trade policy that supports its long-term development objective with the goal of regional and global integration.

Download Full-text