THE GATT VOTE: IMPACT ON BUSINESS : Industry-by-Industry Impact

The GATT agreement will pare tariff barriers, cut subsidies and protect intellectual property rights. Here is brief look at the impact on various U.S. industries:

* Agriculture: American farmers will be able to boost sales of wheat, corn and rice. European subsidies for agriculture will decrease, and Japan will buy increasing amounts of U.S. rice, beef and dairy products. California growers should benefit substantially.

* Aircraft: The European Union will restrict its heavy financial subsidies for the Airbus. This will help expand worldwide sales for American-made planes, with Boeing, Lockheed and McDonnell Douglas standing to benefit. Apparel: U.S. clothing manufacturers are expected to be hit hard by rising imports. But California’s bustling industry, with local designers and fast turnaround times, should be able to handle the competitive pressure by keeping in close touch with rapidly changing fashions and styles.

* Automobiles: Voluntary restraints by Japan on auto shipments will end, allowing expanded sales to the United States and Europe. But American auto exports, particularly of parts, will be helped by reductions in tariffs.

* Movies and television: The industry is disappointed because foreign governments can still enact quotas limiting American movies and TV programs, but Hollywood welcomes provisions in GATT that it believes will help battle piracy.

* Telecommunications equipment: Boom times are expected for high-quality, U.S-made telephones, switches, fiber-optic cable and other equipment, as foreign countries remove tariffs and other barriers.

* Computers and computer accessories: Already the world leader in computer innovation, the United States will boost sales of everything from hard drives to software as local tariff barriers fall in more than 100 nations. U.S. strength is in the high end of the market, which encompasses more sophisticated machines and programs. Silicon Valley will share in the prosperity.

* Intellectual property protection: For the first time, GATT members are pledged to take action against pirates of videos, movies, software and computer games. U.S. industries welcome the effort but are unsure if the campaign will be successful.

* Construction equipment: U.S. makers of tractors, dump trucks, excavators, bulldozers and other big-ticket items will carve out significant markets in developing countries, where high tariffs sometimes blocked access.