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As a Result of GATT,tariff Rates in Developed Countries Have

Question 31

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As a result of GATT,tariff rates in developed countries have decreased from 40 percent in 1948 to less than 4 percent today.
The fact that tariffs have decreased from 40 percent in 1948 to 4 percent today shows the success of GATT and other trade forums at reducing protectionism.

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