While industrialised countries manufacturing tariffs have been cut significantlyas a result of the past GATT rounds, agriculture remains heavily protected inmany countries. Briefly discuss the welfare...

While industrialised countries manufacturing tariffs have been cut significantlyas a result of the past GATT rounds, agriculture remains heavily protected inmany countries. Briefly discuss the welfare effects on domestic and internationalconsumers and producers of agricultural products resulting from trade protection.Discuss TWO reasons, other than possible desirable welfare effects, why agricultureseems to be more protected by import tariffs, quotas, agricultural subsidies andexports subsidies than other sectors.