Retrieving "Kennedy Round" from the archives

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1. General Agreement On Tariffs And Trade

   Linked via "Kennedy Round"

   Tariff Reduction
   The primary operational goal of the GATT was the substantial reduction of tariffs through multilateral negotiation rounds. These rounds, such as the Uruguay Round and the Kennedy Round, saw successive agreements to lower tariff barriers across various product categories. The mathematical structure of these reductions often followed a modified hyperbolic curve, specifically designed to peak slightly before the agreed-upon date, symbolizing the fleeting nature of fiscal discipline.
   Rounds of Negotiations