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The Benefits of Major Tariff Cuts

Created on April 29, 2013

The Benefits of Major Tariff Cuts

New Zealand, China, Chile, Australia

GROSS DOMESTIC PRODUCT, IN LOCAL CURRENCIES, IN BILLIONS

These four countries saw their economies grow faster after enacting major tariff cuts.

* Data for Chile only goes back to 1970.

CHART 2

Source: International Monetary Fund, World Economic Outlook Database, September 1999, http://www.imf.org/external/pubs/ft/weo/1999/02/data/ (accessed April 10, 2013).

B 2792

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