Abstract
The WTO negotiations on non-agricultural market access (NAMA) could lead to significant gains for developing countries in exports, employment and economic efficiency. An analysis of various scenarios shows potential global annual welfare gains ranging from $70 billion to $110 billion. However, the generally modest overall results conceal important changes in trade and output in individual sectors. Some countries will achieve important gains in key sectors, but in other countries some sectors will face important adjustments, including significant loss of employment and output. Estimated losses in tariff revenue could have a strong negative impact on government revenues for a number of countries.
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