Abstract
Tariff rates are crucial instrument of trade policy. This paper covers several important issues related to the reforms of this area. First part of the paper explains the key features of tariffs as protection instrument: different policy takers and opposite economic interests; benefits and adverse effects; alternative measures of protection; dependence of tariff policy on the development priorities and the welfare effects, etc.This document explains main World Trade Organization requirements concerning protection policy such as primary role of tariffs, restricted set of non-tariff instruments, limited scope of safeguard measures, comparison on the legal development in the field until now, and an indication of further legislation changes necessary in the period of adjustment. It also gives main elements of the customs-reform strategy: choice and concentration of goals and priorities; criteria for preparation of the alternative scenarios; solving convergence problems; defining conditionality for alternative solutions and interdependence of relevant externalities. The goal of the paper is to give recommendation for trade policy reform in our country necessarily to become member of World Trade Organization.
Highlights
World with which today again begin to cooperate, undoubtedly changed over the years our isolation
The concepts of liberal and marketoriented economy have lost any serious alternative and become accepted by almost all countries in the world."One of the key steps of integration of Montenegro into modern international economic relations is the membership in the World Trade Organization."[1] It is an important element of support for the process of internal economic reforms, as well as necessary steps in the process of joining the European Union
"Experience has shown that liberalizing the economy to grow faster, and the economic growth are the best means of eliminating poverty in a society according to the analysis of OECD, the protective policies of developed
Summary
World with which today again begin to cooperate, undoubtedly changed over the years our isolation. Major changes are not related only to new technology, market expansion and the introduction of modern ways of doing business. The concepts of liberal and marketoriented economy have lost any serious alternative and become accepted by almost all countries in the world."One of the key steps of integration of Montenegro into modern international economic relations is the membership in the World Trade Organization."[1] It is an important element of support for the process of internal economic reforms, as well as necessary steps in the process of joining the European Union. "Pursuant to the provisions of Article XII of GATT-a2, Montenegro December 2004, launched proceedings membership in the World Trade Organization model "Twin-track", approved by the European Union, provided space for independent access to Montenegro this organization."[3]. "Experience has shown that liberalizing the economy to grow faster, and the economic growth are the best means of eliminating poverty in a society according to the analysis of OECD, the protective policies of developed
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