The Uruguay Round Agreement on Agriculture. Lecture 24 Economics of Food Markets Alan Matthews. Lecture objectives. t o understand the reasons for the disarray in agricultural trade prior to the Uruguay Round agreement
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Economics of Food Markets
"to achieve greater liberalisation of trade in agriculture and bring all measures affecting import access and export competition under strengthened and more operationally effective GATT rules and disciplines"
What changes were necessary to the CAP mechanisms?
WTO disciplines were consistent with the MacSharry 1992 reforms