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The Uruguay round and the developing economies, Volume 1
Author:Martin, Will; Winters, L. Alan [editors]; Date Stored:2002/09/17
Document Date:1995/10/31Document Type:Publication
SubTopics:World Trade Organization; Free Trade; Environmental Economics & Policies; Economic Theory & Research; Rules of OriginISBN:ISBN 0-8213-3469-7
Language:EnglishMajor Sector:(Historic)Economic Policy
Report Number:WDP307Sub Sectors:(Historic)Trade
Collection Title:World Bank discussion papers ; no. WDP 307Volume No:1

Summary: This discussion paper contains thirteen studies designed to assess the economic impact of the Uruguay Round on the developing economies. Some of the key conclusions to emerge from the study include the following: the agriculture agreement achieved a great deal in terms of defining rules for agricultural trade, but little in terms of immediate market opening. The substantial cuts in tariffs on manufactures in both developing and industrial countries, and the agreement to abolish the Multifiber Arrangement, will provide important benefits for developing countries. Cuts in protection on total merchandise trade will increase real incomes in developing countries by between 1.2 and 2.0 percent of their GDP in 1992. The establishment of the World Trade Organization will strengthen the world trading system. Earlier versions of the papers were presented at a conference held at the World Bank in January 1995. The analyses contained in this volume are the first in which estimates of the effects of the Round were based entirely on the actual cuts in protection from previously prevailing rates achieved by the Round.

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