This paper presents new evaluations of the multilateral trade negotiations from the perspectives of (1) the objectives established by GATT signatories in the Tokyo Declaration, and (2) the LDCs' goals for the negotiations. It also attempts to resolve some of the controversy over the gains and losses which MFN tariff reductions would generate for LDC exports, some but not all of which receive preferential access to advanced-country markets. The analysis indicates that even minor improvements in tariff preferences would have been superior to or have compensated for MFN tariff cuts.

	MacPhee, Craig R Paul C. Burmeister College Professor of Economics Expertise: International - Asia International - Europe International Trade & Finance NAFTA Public Policy Analysis Economics CBA 353 P.O. Box 880489 University of Nebraska-Lincoln Lincoln, NE 68588-0489, USA Phone: (402) 472-2449 Fax: (402) 472-9700 cmacphee1@unl.edu	MacPhee, Craig R	Economics