Question - How Will Agricultural Tariffs Be Reduced In The Doha Round?
Answer -
There are two main elements in the market access modalities that are on the table:
- Band-wise tariff reductions; and
- Flexibilities or deviations from the prescribed tariff reductions to be used by members (developed and developing) to address their special needs.
Tariffs are proposed to be cut according to a formula, which prescribes steeper cuts on higher tariffs. These reductions are to be made from bound rates.