- July 1, 2003
Members of the World Trade Organization are debating how to approach tariff reductions. Many are seeking significant reductions in actual or applied tariff rates for agricultural and industrial goods.
Similar discussions are occurring in regional and bilateral trade negotiations. Many developing countries, however, are reluctant to commit to tariff reductions, citing concerns over loss of government revenue. In this paper we address questions related to this issue and provide references for further examination and discussion.