Since its last Review in 2000, Brazil has continued to liberalize and
enhance the transparency of, its trade regime. These efforts have
paid-off in the form of a more flexible economy, as evidenced by the
resilience shown to a series of shocks experienced during recent years.
However, Brazil would gain by addressing remaining economic distortions
and barriers to market access. Lowering tariffs would facilitate the
access of domestic consumers and producers to the world’s most
competitive products and reduce the need for tariff concession schemes.
Taking additional steps to lower the costs of financial intermediation
would reduce the need for using targeted support schemes, which risk
distorting resource allocation and may burden taxpayers.
Brazil is an active participant in the multilateral trading system, but
has not yet ratified the Fourth and Fifth Protocols to the GATS.
Expanding the scope of Brazil’s GATS commitments, as well as narrowing
the gap between applied and bound tariffs would enhance the transparency
of Brazil’s trade regime. An ambitious liberalization agenda would not
only benefit Brazil but also help bring about a successful conclusion to
the Doha Development Agenda, which Brazil has been instrumental in
moving forward and in which it has a major stake in view of the
increasingly global reach of its trade interests, the report says.
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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Switzerland/Liechtenstein : 15 and 17 December 2004
Jamaica : 17 and 19 January 2005