1995 prices), equivalent to 3 per cent of World GDP in 2010, from greater efficiency and higher productivity. • Developing …• Tariffs still matter. • Full tariff liberalisation to 2010 would generate dynamic welfare gains of $1 200 billion (at … cent of their GDP in 2010. • The next WTO round will provide an opportunity for members to improve their living standards …

. Taking as its core focus the trade war between the USA and China, this book focuses impact on the rest of the world … favour of free trade since the World War II, today's United States has projected itself towards greater protectionism and …