Market access negotiations in merchandise trade at the multilateral level cover tariffs and non-tariff measures (NTMs). While tariffs have been substantially reduced in earlier rounds, they remain high in certain areas and further reductions involve a number of complex technical issues. Some...

Overall, protection in goods and services now appears modest in developed and developing countries, but there are a number of products where protection remains high and liberalization could bring important benefits to developing countries. In absolute terms the greatest gains for developing...