VIRTUAL PROTECTIONISM: OVERVIEW OF MFN TARIFFS AND BOUND TARIFFS IN SOUTH AMERICA

The aim of this paper is to analyze the performance of the weighted averages of MFN tariffs and bound tariffs in South America. We compiled data from the WTO’s databases with the purpose of recognizing some areas and products with higher levels of protectionist tariff barriers. We concluded that MFN...

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Bibliographic Details
Published in:Journal of international studies (Kyiv) 2019, Vol.12 (4), p.63-78
Main Authors: Vanegas López, Juan Gabriel, Baena Rojas, Jose Jaime
Format: Article
Language:English
Subjects:
bound tariffs
Economic policy
GATT
Geography, Regional studies
International relations/trade
MFN tariffs
Protectionism
South America
Tariffs
Trading
WTO
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Summary:The aim of this paper is to analyze the performance of the weighted averages of MFN tariffs and bound tariffs in South America. We compiled data from the WTO’s databases with the purpose of recognizing some areas and products with higher levels of protectionist tariff barriers. We concluded that MFN tariffs have dropped considerably among the countries after they participate in rounds of negotiations within a multilateral trading system. However, in special cases, some countries could significantly increase tariff barriers on some goods due to GATT provisions and this situation could also imply virtual tariff protectionism was significant.
ISSN:2071-8330
2306-3483
DOI:10.14254/2071-8330.2019/12-4/5