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190 | East and South Asia and the Pacific (ESAP) Report
region because they can affect the region's access to other markets and the sharing of the gains from expanded trade. At the same time, the price of late entry can be high, especially for small states which tend to be open and highly trade-dependent. Many developing countries need policy flexibility to support and promote their enterprises, investments in production and marketing and export expansion and diversification for this reason. Nonetheless, latecomers to WTO membership now face more stringent policy conditions than earlier ones. Under its accession terms, Tonga, for example, is committed to lowering trade barriers, expanding market access for foreign goods to bind all tariff lines at a level lower than most other developing countries. Moreover, extensive concessions were also made with regard to services in sectors such as health, education, finance and telecommunications. Oxfam described these accession concessions as "eye watering" and "the worst terms ever offered to any country" (Manduna, 2006). Concern about similarly harsh terms caused Vanuatu to baulk at signing the accession agreement after negotiating entry in 2001. |
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Table 5-2. Ranking of selected regional trade agreements by degree liberalization of trade.
Note: Most liberalizing = 1. |
References
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Adams, R. M., D.M. Adams, J.M. Callaway, C.C. Chang and B.A. McCarl. 1993. Sequestering carbon on agricultural land: Social cost and impacts on timber markets. Contemp. Policy Iss. 11:76-87. Adams, D.M., R.J. Alig, B.A. McCarl, J.M. Callaway and S.M. Winnett. 1999. Minimum cost strategies for sequestering carbon in forests. Land Econ. 75:360-374. |
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Agarwal, B. 2003. Community forestry groups and gender inequality in South Asia. id21 Res. Highlight. Feb 26. Available at http:// www.id21.org/id21ext/s2cba1g1.html. Aksoy, M., and J.C. Beghin (ed) 2004. Global agricultural trade and developing countries. World Bank, Washington. Al-Deeb, M.A., G.E. Wilde, J.M. Blair and T.C. Todd. 2003. Effect of Bt corn for |
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