Implications of the Uruguay Round for Kenya

January 1, 1996

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Rupa Chandha. Implications of the Uruguay Round for Kenya, (USA: International Monetary Fund, 1996) accessed October 6, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper studies the implications of the Uruguay Round for Kenya’s own trade regime and its external trading environment. The analysis indicates that Kenya did not undertake significant liberalization commitments under the Uruguay Round. There are however, several effects on Kenya’s external trading environment due to most-favored nation tariff cuts, erosion of preference margins, and changes in food prices. These effects are determined using simple computational techniques in a partial equilibrium framework. Overall, the results indicate that the effect on Kenya’s balance of payments in the medium-term may be negative but modest, and can be offset by pursuit of appropriate structural adjustment policies.

Subject: Agricultural commodities, Agricultural prices, Commodities, Export earnings, Exports, International trade, Prices, Tariffs, Taxes

Keywords: Africa, Agricultural commodities, Agricultural prices, Bound rate, Export, Export earnings, Export structure, Exports, Exports consist, Kenya, Kenya's export, Leather products export, Liberalization commitment, Preference margin, Product, Tariff reduction, Tariffs, Trade, Tropical product, WP

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1996/008
Stock No:

WPIEA0081996
ISBN:

9781451927870
ISSN:

1018-5941

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