The Uruguay Round and Developing Countries

An Assessment

image of The Uruguay Round and Developing Countries

This study provides an overall assessment of the implications of the Uruguay Round for a broad crosssection of developing Commonwealth countries. It also makes recommendations on policy options open to them. It is hoped that the study will provide a good basis for member governments in assessing the policy implications of the impending changes in the international trading system in the context of their economies, and in formulating appropriate responses.




The Uruguay Round agreements together with some important regional developments in recent years will significantly transform the trade policy framework in which Commonwealth developing countries will operate over the next decade. It will offer them new trading opportunities, particularly in the medium to long term. In the short term, however, they will face some transitional problems, mainly because of the erosion of preferential access they now enjoy in their major markets; and also from increased prices for agricultural products they import, as a result of liberalisation of trade in this sector.


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