The study suggests that the choice facing the Community is essentially between: abandoning tariff preferences after 1980, giving LCDs tarrif-free access, maintaining the GPS scheme in its present form but continuing to raise ceilings so as to keep to increase the real value of the scheme and finally making substantial reforms in the areas of product or country coverage under the scheme.

Despite advising on the choices to be made, the authors are aware of the fact that the political factors are by far the most important influences on the Community.