Both Switzerland and Liechtenstein are heavily dependent on external
trade. The main thrust for change in their trade policies has come from
the bilateral agreements between Switzerland and the expanding European
Union (EU) which have resulted in notable market liberalization between
the two partners, and from Liechtenstein’s membership of the European
Economic Area (EEA).
The report says that, in some areas, the pursuit of common regulations
between Switzerland, Liechtenstein and the EU/EEA will facilitate trade
with the rest of the world. However, it could also bias trade and
investment flows and policies in a Eurocentric direction at the expense
of other developed and developing countries. It is therefore important
for the authorities of both countries to consider the discriminatory
elements of the existing and new agreements, and the potentially greater
advantages of a market opening on an MFN basis.
The report highlights that both countries, with common customs tariffs
still entirely specific, have maintained generally liberal trade regimes
for non-agricultural goods and services, while maintaining strong
protection in agriculture and food processing.
The WTO report, along with a policy
statement by the Government, will be the basis for the Trade Policy
Review (TPR) by the Trade Policy Review Body of the WTO.
following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the on-line
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews
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Jamaica : 17 and 19 January 2005
Japan : 25 and 27 January 2005
Sierra Leone : 9 and 11 February 2005