How high were import tariffs when GATT participants began negotiations to reduce them in 1947? Establishing this starting point is key to determining how successful the GATT has been in bringing down trade barriers. If the average tariff level was about 40 percent, as commonly reported, the implied early tariff reductions were substantial, but this number has never been verified. This paper examines the evidence on tariff levels in the late 1940s...
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INFORMATION
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2016/04/26
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WPS7649
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1
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1
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2016/04/26
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Disclosed
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The GATT's starting point : tariff levels circa 1947
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average rate of duty
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