By Timothy Edward Josling
Bankruptcy on Ecuador bargains a comparability with different Andean Pact international locations. It argues that Ecuador is so much short of balance and defense provided by way of neighborhood industry entry.
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Additional info for Agricultural Trade Policies in the Andean Group: Issues and Options (World Bank Technical Paper)
Peru has for the past few years been the major trading partner for Ecuador, in particular as a purchaser of Ecuadorian petroleum products. , September 1994, as well as from various FAO and World Bank sources. 21 Some of the 964 "permanent" exemptions are for items for which the Ecuador tariff is below the AEC, notably input items into the petrochemical industry and steel. For these products Ecuador can maintain a tariff 5 percentage points below the AEC. In addition, Ecuador can keep different tariff rates on 400 items for the next four years.
The Price Band System itself could become a vehicle for border intervention. Vigilance is needed to prevent a return to protective policies in these countries. The Andean Pact itself has proved useful in promoting free trade in agricultural goods within the region. The Price Band System may need to be modified to bring it in conformity with the World Trade Organization rules on non-tariff barriers. More coordination is possible in the area of external trade policies, including export promotion.
Trade policy in agriculture also exhibits this multi-tiered nature. A coherent trade policy for the sector will combine unilateral, regional and multilateral elements. The balance between these elements along with the overall set of objectives defines the agricultural trade strategy. The report is structured to elucidate this set of choices. The next five sections deal with the individual countries of the region, and include an overview of their trade regimes, their current agricultural trade situation and the options and strategies which each country could pursue in the area of agricultural trade.
Agricultural Trade Policies in the Andean Group: Issues and Options (World Bank Technical Paper) by Timothy Edward Josling