Opportunities for LDC agriculture in the world trading system and the impact of the Uruguay Round Agreement
- Author: United Nations Conference on Trade and Development
- Main Title: The Least Developed Countries Report 1997 , pp 49-62
- Publication Date: December 1997
- DOI: https://doi.org/10.18356/bb520972-en
- Language: English
The Uruguay Round of GATT trade negotiations covered several new areas, one of which was agriculture, for which it initiated a programme of trade liberalization. This chapter examines the consequences for LDC agriculture of the Uruguay Round Agreement on Agriculture (URAA). Four broad issues are examined: the impact of agricultural trade liberalization on the global market for traditional LDC export commodities; opportunities for LDC export diversification; the impact of the expected higher world food market prices on food production in the LDCs; and provisions in the Uruguay Round Agreement for increasing food production in the LDCs. The URAA, which directly impacts on agriculture, is summarized in the next section in order to provide a context for the discussion of these issues.
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