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Table 20 Comparison of partial and general equilibrium impacts for the United States (billions of US dollars)

Scenario

Exports

Imports

Total trade

Annual benefit

Partial      G

eneral

Partial

General

Partial

General

Partiala

General

1 - Reversion to Uruguay Round bound tariff rates

-92

-77

-30

-94

-123

-171

-129

-14

2 - Reversion to Tokyo Round bound tariff rates

-135

-128

-69

-147

-204

-275

-222

-18

3 - Return to circa 1980 transportation costs

-11

-23

-22

-44

-33

-67

-33

-21

4 - Removal of preferential tariff rates

-34

-47

-25

-61

-59

-109

-60

-13

5 - Reversion to circa 1990 nontariff barrier levels

-99

-143

-155

-121

-253

-264

-282

-5

6 - Reversion to circa 1990 MFN applied tariff rates

-62

-107

-63

-118

-125

-225

-132

-9

Services trade removed from general equilibrium analysis

1 - Reversion to Uruguay Round bound tariff rates

-92

-73

-30

-94

-123

-167

2 - Reversion to Tokyo Round bound tariff rates

-135

-119

-69

-149

-204

-268

3 - Return to circa 1980 transportation costs

-11

-26

-22

-44

-33

-70

4 - Removal of preferential tariff rates

-34

-55

-25

-60

-59

-115

5 - Reversion to circa 1990 nontariff barrier levels

-99

-124

-155

-125

-253

-249

6 - Reversion to circa 1990 MFN applied tariff rates

-62

-96

-63

-120

-125

-217

a. Calculated as the US population on July 1, 2004 (292.2 million) multiplied by the impacts determined in the sections on "Benefits of Trade Expansion" in this paper.

36



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