Sensitive Products

Sensitive Products

Sensitive Products and the GATT Policy Negotiations

In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Sensitive Products: Goods produced by a domestic industry employing large numbers of workers, for which the costs of production are such that any reduction in import protection would render the industry vulnerable to injury. Products deemed sensitive are most likely to be excepted from tariff reduction formulas in trade negotiations –or subjected to export restraints –since changes in the competitive position of such industries could cause major economic and social dislocations in the importing country.



, ,



Leave a Reply

Your email address will not be published. Required fields are marked *