ABSTRACT
Developing countries attach great importance to levels of and changes in industrial tariffs because industrial products—defined as all non-agricultural products—account for more than 70 per cent of their exports (UNCTAD, 2002; WTO, 1994; Michalopoulos, 1999). Especially for industrial products with high value added, tariff levels and changes determine developing countries’ effective access to industrial country markets as well as the extent to which their industrial strategies translate trade into benefits for human development.
