Salient Features Of Ur Agreement

What is mentioned and discussed above are just some of the agreements negotiated during the Uruguay Round. In addition, each round of trade negotiations provides an excellent forum to discuss many other topics of particular interest to certain sectors. Others include the Convention on Sanitary and Phytosanitary Measures, which provides guidance for countries on food safety and trade in plants and animals; an anti-dumping agreement; the Agreement on Subsidies and Countervailing Measures; the Agreement on Trade-Related Investment Measures (TRIMS); the Agreement on Import Licence Procedures; the Customs Valuation Agreement; the Preshipment Inspection Agreement; the Agreement on Rules of Origin; and several plurilateral agreements (meaning they do not all cover) civil aircraft, government procurement and dairy products. The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted under the General Agreement on Tariffs and Trade (GATT) from 1986 to 1993 and which included 123 countries as “contracting parties”. The round led to the creation of the World Trade Organization, with GATT remaining an integral part of the WTO agreements. The broad mandate of the Round was to extend GATT trade rules to areas that were previously exempt from excessive liberalization (agriculture, textiles) and to new and increasingly important sectors that were not previously included (trade in services, intellectual property, distortions of investment trade). [1] The round entered into force in 1995 and the deadlines expired in 2000 (2004 in the case of parties to developing countries) under the administrative direction of the newly created World Trade Organization (WTO). [2] The protection and support of agribusiness began wholeheartedly during the Great Depression of the 1930s. Not only have tariffs been increased with most other imported products, but a number of price and income support programs have also been implemented in many countries. During the negotiation of the first GATT agreement, specific derogations were introduced for agriculture, including aid for the use of export subsidies. It should be recalled that export subsidies are subject to retaliation under the Anti-Subsidy Law, but this requirement has been denied for agricultural products. This has enabled countries to keep agricultural prices high on the domestic market and, if these prices generate a food surplus, to dereduce this surplus through export subsidies on international markets. Delay had some advantages.

It has allowed some negotiations to go further than would have been possible in 1990: for example, certain aspects of services and intellectual property, as well as the creation of the WTO itself. But the task was immense and trade bureaucracies around the world were tired of negotiations. The difficulty of agreeing on a comprehensive package containing almost all of today`s trade issues has led some to conclude that a negotiation of this magnitude would never again be possible. However, the Uruguay Round agreements contain timetables for further negotiations on a number of subjects. And in 1996, some countries openly called for a new round at the beginning of the next century. The response has been mixed; But the Marrakesh Agreement already contained, at the turn of the century, commitments for the resumption of negotiations on agriculture and services. These started in early 2000 and were integrated into the Doha Development Agenda at the end of 2001. . .

This entry was posted in Uncategorized by admin. Bookmark the permalink.