At current aluminium prices the tariff reduction will save about $200 million a year.

The immediate result of the tariff reduction was that overseas programming became even cheaper.

It also passed a tariff reduction bill he had long sought.

The agreement states a ten percent tariff reduction over ten years (starting in 1995) for the trade of goods and services among its members.

Import sensitive products generally receive longer phase-in periods for tariff reduction or elimination in trade agreements.