The major contribution of this study is to quantify the economic
impact of Kuwait's membership in the World Trade Organization (WTO)
on supply, demand, welfare and terms of trade. A general
equilibrium international trade model is used to obtain
quantitative results. The model is theoretically static and based
on the assumptions of perfect competition and constant returns to
scale. However, it was estimated and simulated dynamically.The
simulation exercises gave a number of results. First, the agreement
on tariffreduction has a very small (positive) effect on Kuwait
because tariff rates are already low, making any reductions to have
insignificant effects. Second, the antidumping agreement has a
larger (negative) effect since it corresponds to higher increase in
the price of the importable good. Third, the decline in the world.s
price of the importable good as a result of globally implementing
the WTO agreements has opposite effects but of the same magnitude
to those of the antidumping agreement. Finally, the agreement on
government procurement has the least effects since it increases
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