Reduction

Reduction

Linear Reduction and the GATT Policy Negotiations

In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Linear Reduction: A tariff negotiating procedure based on reduction of tariffs by a specified percentage on an entire range of goods (also known as horizontal reduction). A linear reduction in tariff negotiations is the simplest form of a formula approach, and is far broader than an item-by-item approach.


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