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Trade and Development Report 1994

image of Trade and Development Report 1994

The focus of the report is the functioning and interaction of all the different constituent parts of the world economy and of related dimensions of national and international policy. Special attention is given to issues of concern to developing countries. The coverage includes the movements of macroeconomic aggregates in developed and developing countries and in the economies of transition, international trade and trade policies and financial and commodity markets.

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The key agreements

The main achievement of the Uruguay Round was in effectively addressing those areas where the absence of international consensus and workable rules and procedures had given rise to frequent trade tensions and disputes which threatened to erode the multilateral system. Failure to reach agreement in these areas would have greatly exacerbated current trade disputes, almost certainly leading to a situation of "trade war", and thus would have seriously jeopardized the stability of the multilateral trading system. The most important results in this context were the Agreements reached on safeguards, subsidies and countervailing measures, anti-dumping, agriculture, and textiles and clothing.

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