Question

what is one result of the agreement being made in this excerpt

Answer 1

Tariffs will be reduced or removed.

Answer 2

Trade has benefited the U.S. economy by stimulating growth, by expanding output in the most productive sectors of the economy, and by creating new jobs that pay above-average wages. Labor productivity in plants producing for export has been 40 percent higher than in equivalent plants producing only for the home market, and salaries for workers employed in export-related jobs have been 15 percent higher than average wages in manufacturing. Employment in exporting plants rose by 9 percent between 1992 and 1997, while employment in non-exporting plants declined by 14 percent. Imports have pushed American firms producing competitive products to be more productive. Imports also have raised the standard of living by providing a wider range of goods at competitive prices to American consumers.