The report notes that during the period under review, Nicaragua
eliminated the import surcharge introduced in 1994, redrafted or amended
its legislation in many areas, made scant use of contingency measures,
applied limited non-tariff barriers and made improvements in areas such
as import procedures, customs valuation, and intellectual property
protection, while additional reforms are under consideration.
Nevertheless, while the average MFN tariff is relatively low, it has
increased over the past years due largely to the continuation of the
process of harmonization under the Central American Common Market.
The report also says that to promote greater economic efficiency and
diversification it would be particularly important for Nicaragua to
further liberalize its economy on an MFN basis and anchor these efforts
through multilateral commitments.
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.
- Secretariat report
> Contents and summary observations (12 pages,
> Economic environment (12 pages,
> Trade and investment regimes (12 pages,
> Trade policies and practices by measure
(32 pages, 484KB)
> Trade policies by sector
(36 pages, 555KB)
> Appendix tables (17 pages,
- Government report (54 pages,
- Revisions of the above documents may be issued approximately
2 weeks after the meeting.
- Chairperson's concluding remarks
of the meeting are available approximately 6 weeks after the meeting.
- Questions and answers by WTO Members are available approximately 6 weeks after the meeting.
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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
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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Bangladesh: 13 and 15 September 2006
Congo: 27 and 29 September 2006
Kyrgyz Republic: 9 and 11 October 2006