Another positive aspect of GATT is that it will open up traditionally closed foreign markets. For example the U.S. will import three percent of its peanuts and Japan will import at least some of its rice and citrus products, Korea will import some almonds, and so on with other countries. As a positive look to the future for farmers penetrating foreign markets a study shows that Asians eat on average 11 grams of protein a day compared to 52 for Japanese and 72 for Americans. With GATT in place, the likelihood is that an increasing amount of it will be American grown. GATT will cost the United States Treasury about fourteen billion dollars over the next five years in revenues lost because of reduced tariffs.
Republicans feel that the government already has too much money so they are opposed to new taxes.
And the Democrats feel that the government could never have too much money to work with so they oppose spending cuts. GATT will increase U.S. competitiveness in foreign markets and create a great number of high paid, highly skilled jobs for Americans.