Word: nontariff
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...farmers are trying to stem the flood of heavily subsidized U.S. produce, especially apples, pork and chicken parts. Last month thousands of Mexican protesters threatened to block border crossings, and a few burst into their country's Congress on horseback. U.S. poultry producers, concerned that Mexico will erect such nontariff barriers as additional health inspections on chicken, have worked with U.S. officials to offer a five-year extension and gradual phase-out of the tariff on chicken drumsticks and thighs, which dropped from 49% to nada this month. A U.S. industry spokesman says the two sides are making progress...
...losses, and either learn to compete or fail. To emerge from their predicament--they take people's good money as deposits but make bad loans--the banks must channel that money to productive entrepreneurs. The average tariff on all products will gradually dip below 10%, from 44% in 1991. Nontariff barriers like quotas and licensing will also ease; still harder to eliminate will be such thorns as impromptu road taxes and directed purchasing meant to support local businesses...
...exports, agriculture is poised to see the largest gains from China's WTO accession. Beijing agreed to eliminate all nontariff barriers to trade, revising rules for sanitary inspections and domestic taxes to comply with WTO standards. Tariffs on all farm products are slated to fall in 2004 to an average of 17%, from 22%. And for certain goods, including animal products, fruits and dairy, tariffs will fall to 14.5%. U.S. agriculture exports to China may nearly double, to $4 billion a year, once the agreement is fully implemented...
...legitimization of multiparty politics to accommodate the newfound sense of "people power." John Sidel, a lecturer at the School of Oriental and African Studies in London, predicts, "You will see a great diversity in government, and all these different groups will be appealing to the people." The monopolies, nontariff barriers and nepotism that distorted the market process, says Emil Salim, a former Cabinet minister, can be countered by "empowering institutions outside the government. It will not be a smooth ride, but I think the direction is already correct for reform...
...high population-growth rate. Low-cost labor is a principal competitive advantage for Third World countries attempting to improve their standard of living. Focusing on working children alone without addressing the issue of lost family income or lost national competitive advantage creates the impression that this is one more nontariff trade barrier being put up by consuming countries. SHANKAR VAIDYANATHAN Madras, India...