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GATT TRADE AGREEMENT MEDICAL EQUIPMENT TARIFF ELIMINATION

This article was originally published in The Gray Sheet

Executive Summary

GATT TRADE AGREEMENT MEDICAL EQUIPMENT TARIFF ELIMINATION will begin in major industrial markets on July 1, 1995, when the accord goes into effect. Starting on that date, tariffs on medical equipment, like most other products, will be phased out in equal annual increments over five years. The multilateral negotiations of the Uruguay Round of the General Agreement on Tariffs and Trade concluded on Dec. 15.
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