The "30-30-30 Proposal": CGE Simulation of Unilateral Compliance by the USA to Partial Trade Liberalization

A CGE model of the United States is applied to analyze unilateral compliance with the current partial liberalization proposal to the GATT. A key issue is voluntary participation in the programs. The main implications are that economywide real GDP could increase by $6 billion, farm income per FTE could rise by 3 percent, while returns to cropland fall by 15 percent.