The tariff policy reform begun in the early 1980s is supposed to culminate in a uniform 5 percent tariff rate by 2004. The essay attempts to answer the following questions: How much distance has been covered toward achieving this goal? How serious are the recent attempts to derail the tariff reform program? Compared with previous liberalization phases, how feasible is the objective of attaining a uniform tariff rate? The paper ends with the proposal of a rule of thumb to follow in the final countdown to 2004.