concessions,cutting the1948 tariff levels by 25%
January 19565 months26Tariffs,admission of Japan$2.5 billion intariff reductions
September 196011 months26TariffsTariff concessionsworth $4.9 billion of world trade
May 196437 months62Tariffs,Anti-dumpingTariff concessionsworth $40 billion of world trade
September 197374 months102Tariffs, non-tariff measures,"framework"agreementsTariff reductionsworth morethan $300 billion dollarsachieved
September 198687 months123Tariffs, non-tariff measures,rules,services,intellectual property,disputesettlement,textiles,agriculture,creation of WTO, etcThe round ledto the creationof WTO, andextended therange of tradenegotiations,leading tomajor reductions intariffs (about40%) andagriculturalsubsidies, anagreement toallow fullaccess for
andclothing fromdevelopingcountries, andan extension of intellectual propertyrights.
November 2001?141Tariffs, non-tariff measures,The round isnot yetconcluded.