Nations that want to become members of the WTO must first conclude the negotiations to become members of the GATT. While there is a broad consensus that some trade practices are unfair and require a response, the imposition of extensive tariffs is unlikely to be the approach that will lead to the desired policy changes.  The effect of each right will lead to a long-term decline in GDP, a fall in wages and a fall in employment.  Tariff reductions and new rules for controlling the proliferation of non-tariff barriers and voluntary export restrictions. . . .
Trade Treaties Before The General Agreement On Tariffs And Trade Tended To Quizlet
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