For Australians it would be A$300 annually per average family if Australian customs duties had not been reduced in the late 1980s and early 1990s. ... If Australia had kept its tariffs at 1998 levels, Australian customers would pay on average A$2,900 more per car today. ... Trade barriers around the world are lower than they have ever been in modern trading history. ...

• Word Count: 1488
• Approx Pages: 6
• Grade Level: High School

(DFAIT, "History-, p. 1) GATT was an organization formed in 1947 in Geneva. ... (DFAIT, "History of-, p.2) WTO shares almost the same aims with GATT. ... (lijx.com, "A History of-, p.3) Another principle was "National Treatment Principle." ... (lijx.com, "A History of-, p.3) Another principle was "Anti-NTB Principle." ... (lijx.com, "A History of-, p.3) The last principle was "Tariff Concession Principle." ...

• Word Count: 2688
• Approx Pages: 11
• Grade Level: High School