The Commission estimates that U.S. welfare, as defined by public and private consumption, would increase by about $3.7 billion annually if all of the significant restraints quantified in this report were removed unilaterally. Exports would expand by $13.5 billion and imports by $19.6 billion, while about 60,000 workers would move from contracting sectors to expanding sectors as a result of liberalization. In addition to estimating the economic impact of removing significant and quantifiable import restraints, this report features a discussion of other significant restraints that do not lend themselves to quantification. The increase in U.S. welfare would likely be greater if the nonquantifiable barriers, such as those identified in transport services, were also removed.
Economic Effects of Significant U.S. Import Restraints. Fifth Update 2007. Investigation No. 332-325
2007
236 pages
Report
No indication
English
International Commerce, Marketing, & Economics , United States , International trade , Tariffs , Economic impact , Imports , Manufacturing , Agriculture , Services , Agreements , Uruguay Round of Multilateral Trade Negotiations , GATT(General Agreement on Tariffs and Trade) , General Agreement on Tariffs and Trade , Trade policy , MFS(Most-favored Nation)
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