1. The Role of World Trade Organization
... . If customs duties were also to be eliminated, economists calculate the result could be a gain to the world of around $23 billion, including $12.3 billion for the US, $0.8 billion for Canada, $2.2 billion for the EU and around $8 billion for developing countries. The same goes for other goods When the US limited Japanese car imports in the early 1980s, car prices rose by 41% between 1981 and 1984 " nearly double ... . If Australia had kept its tariffs at 1998 levels, Australian customers would pay on average A$2,900 more per car today. In 1995, aluminium users in the EU paid an extra $47...
- Word Count: 1488
- Approx Pages: 6
- Grade Level: High School