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AGRICULTURAL TRADE LIBERALISATION AND THE URUGUAY ROUND *
Author(s) -
Tanner Carolyn
Publication year - 1996
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1996.tb00726.x
Subject(s) - agriculture , negotiation , declaration , liberalization , pace , compromise , international trade , multilateral trade negotiations , european union , outcome (game theory) , free trade , international economics , common agricultural policy , economics , business , political science , geography , market economy , archaeology , geodesy , mathematical economics , law
With the Punta del Este Declaration, agriculture was accorded prominence in the GATT negotiations and, for the first time, national support policies were on the agenda. In this paper, the progress of the negotiations on agriculture is reviewed in an attempt to understand the factors which shaped the final outcome and to assess the likely impact of the round on liberalising agricultural trade. Although the immediate impact is likely to be modest, the round will provide longer term benefits to agricultural trade through the extension of the GATT rules‐based system to agriculture. The framework which has been laid should provide a sound basis for future negotiations. Within the multilateral framework, the pace of change is a function of the willingness of all parties to compromise and this is evident in the Uruguay Round's outcome which reflects the European Union's agricultural reform agenda.