Global Effects of Accelerated Tariff Liberalization in the Forest Products Sector to 2010
Res. Pap. PNW-RP-534
by Shushuai Zhu, Joseph Buongiorno, and David J. Brooks
This study projects the effects of tariff elimination on the world sector. Projections were done for two scenarios: (1) progressive tariff elimination according to the schedule agreed to under the current General Agreement on Tariff or Trade (GATT) and (2) complete elimination of tariff on wood products as proposed within the Asia-Pacific Economic Cooperation (APEC) Accelerated Tariff Liberalization (ATL) initiative. Projections were made by using the global forest products model, which provides equilibrium projections of prices and quantities produced, consumed, and traded for 14 commodity groups. Key assumptions include rates of economic growth, availability of wood, demand (price) elasticities, and tariff scenarios.
Keywords: Accelerated tariff liberalization, ATL, import tariffs, equilibrium projection, market model, forest products, fuelwood, industrial roundwood, pulp, recycled fibers, paper, paperboard.