The Impact Of The Uruguay Round’s Tariff Reductions on United States Imports

This paper examines the impact of trade liberalization achieved through multilateral trade negotiations of the Uruguay Round on United States imports. It analyzes results in a systematically differentiated response from the participant countries depending upon their level of economic development. With use of disaggregated product level data and Harmonize System code (HS – 8 digit classification) this paper analyzes the impact of tariff reductions in detail in terms of product classification. The multinomial logit model is used in the study to estimate export status of a given country for a given product before and after the Uruguay Round’s concessions have been put into place. Results indicate that by controlling economic size, and trade agreements the Uruguay Round’s tariff concessions have a strong impact in improving international trade for countries at all levels of development