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Extra resources for Is the World Trade Organization Attractive Enough for Emerging Economies?: Critical Essays on the Multilateral Trading System
As argued in Ianchovichina and Martin (2004), China began reducing tariffs in earnest after 1995, when it became clear that she would be unable to resume her status as a Contracting Party in GATT, but would need to undergo a more rigorous accession process at the WTO. 8. This is defined as Δt/(1+t) where t is the proportional tariff rate. 9. The case of China must be treated with particular caution. As shown by Huang, Rozelle, and Min (2004), there was little relationship between agricultural protection and agricultural tariffs prior to WTO accession, since many high tariffs were not applied, and export subsidies were the primary determinants of prices for cotton and maize.
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