In the Uruguay Round,_______________ were reduced from an average of 4.7 percent to 3 percent.

Question

Quizplus · Accepted Answer

The Uruguay Round reduced tariffs on industrial products from an average of 4.7 percent to 3 percent, as part of efforts to liberalize international trade and increase market access for goods traded across borders. Agricultural export subsidies were also targeted for reduction and eventual elimination, but this was a separate issue from the reduction of industrial tariffs. Quotas on manufactured goods were not targeted specifically in the Uruguay Round, and tariffs on intellectual property were a newer issue that was not as prominent in the negotiations at that time.

In the Uruguay Round,_______________ Were Reduced from an Average of 4.7