Prospects and perspectives of multilateral trading system in India with the aid of finacial statistics with reference to global trade analysis project
by
Sambit Kumar Mishra
Executive Director, Samajik Vikas Sanstha, Raigarh (C.G.)

This paper uses information on bound &aplied tariffs from the agricultural market access database, and the global trade analysis project (GTAP) computable general equilibirum model to assess the effects of tarif reforms under alternative assumtions.efective tariffs as the minimum of bound rates after negotiated tariff cuts and applied rates are calculated & intregated into the GTAP database. Based on this information ,several trade policy reform scenarios scenarios evaluated, comparing the outcome of model runs in which tariff reductions are based on effective rateswith ones in which the reform are represented through cuts in either applied tariffs or bound tariffs.The results as reference to gatt highlights the commodities & countries for which a detailed representation of tariff schedules in economic models seems particularly warranted.

Date received: November 14, 2002