2.2 WTO Membership and Its Impact on Fiscal Imbalances

The WTO's fiscal faces (the trade course's companion): the tariff-bindings (the ceiling's commitment — the rates' sovereignty limited); the national-treatment (the internal taxes' non- discrimination — the imports' equal burden); the subsidies' discipline (the prohibited-and- actionable faces — the fiscal support's constraints); the LDC's flexibilities (the S&D's room — Nepal's 2004-accession commitments' faces); the fiscal imbalance's impact: the trade-tax base's erosion (the tariffs' reduction — the developing states' historical reliance); the domestic-tax transition's burden (the VAT's compensating rise); the customs' modernisation's demands.