Abstract
The agricultural sector, which is Korea's most sensitive sector, is supposed to resume its negotiation by the end of 1999 according to WTO's Agreement on Agriculture. As Korea needs to propose in the negotiation of tariff reduction a device by which exceptional measures on sensitive sectors can be allowed, it is important to establish some application method of tariff cut in advance. As no specific form of tariff reduction has yet been established, this study tries to apply to agriculture different tariff cut methods proposed in the course of GATT/WTO negotiation and to analyze the merits and shortcomings of each form of tariff reduction. In this way, it will lay a strong foundation for designing a negotiation scheme that will give Korea a favorable position in future tariff negotiation. The results of study show that UR method is considered as the most favorable method for Korea. It is desirable for Korea to actively take initiatives in next negotiation by developing and proposing its own tariff reduction scheme that would probably result in the adoption of a form of tariff cut favorable to Korea.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
