The tariffceiling for agriculture products is expected to drop to 10.8% from 13.2% and for manufactured goods it will go from 9.5% to 7.3% The final bound import rate will be in place on the date of entry into the WTO on most goods, with roughly 25% of future tariff cuts to be implemented three years later.
He proposed to cut top farm tariffs by 60%, put a ceiling of 100% on any single tariff and reduce the average tariff by 46% (the average cut in farm tariffs, a measure preferred by the Americans, was 39%).