LATEST PUBLICATIONS
DP 2020-23
Innovating Governance: Building Resilience against COVID-19 Pandemic and Other Risks
PN 2020-07
Bottlenecks to formalization of small-scale mining in PH
SEARCA MOSE 2020 10
Technology and Investment Profile of Soybean Roast Products
SEARCA MOSE 2020 9
Technology and Investment Profile of Soya Chips
Publication Detail
DRN 1986 Vol. IV No. 5: Import Liberalization: Concepts and Issues

At the beginning of the 1980s, the Philippines, in trying to offset the unfortunate effects of three decades of protection, has embarked on a program of gradual liberalization of trade policy. The elimination of quantitative import restrictions and the reduction and rationalization of tariff protection are the principal elements of the program. Some success is noted during the first phase of tariff reform but much of the momentum is lost due to the onset of the balance of payments crisis in the latter of 1983. Beyond the prime goal of recovery, achieving sustained growth at the full potential on the economy remains important. Realizing now that this potential has been frustrated in the past by overly protective policies, import liberalization has become a serious option. Hence, this article discusses not only the rationale for and the concept of, import liberalization but also the related issues surrounding its implementation.

Philippine Institute for Development Studies
Authors Keywords
Medalla, Erlinda M.; trade liberalization; trade reforms; trade sector; import liberalization; import commodities; export commodities; trade policies;
Download PDF Number of Downloads
Published in 1986 and available in the PIDS Library or can be downloaded as full text Downloaded 1,373 times since November 25, 2011