Marrakesh Agreement Uruguay Round

One of the achievements of the Uruguay Round would be the WTO-managed Uruguay Round Agricultural Agreement, which allows for full control of agricultural trade under the GATT. Prior to the Uruguay Round, agricultural trade conditions deteriorated with the increasing use of subsidies, stockpiling, lower world market prices and rising support costs. [12] It provides for the shift from quantitative restrictions to tariffs and a gradual reduction in tariffs. The agreement also contains rules and disciplines on agricultural export subsidies, national subsidies and health and plant health measures (SPS) through the agreement on the application of health and plant health measures The 1986 Ministerial Declaration highlighted problems such as structural deficiencies, the impact of some countries` policies on world trade that GATT has not been able to manage. It was in Punta del Este (Uruguay) in September 1986 that the eighth round of the GATT (known as the Uruguay Round) was launched to address these issues. [5] This was the largest negotiating mandate ever concluded: the discussions aimed to extend the trading system to several new areas, including trade in services and intellectual property, and to reform trade in the sensitive sectors of agriculture and textiles; all the original GATT articles were considered [2] The consequences are diminishing, as governments and parliaments have begun to adopt national laws and regulations and measures on the effect of the WTO agreement; but domestic political opposition and dissent are silenced by the „There-is-no-alternative“ argument. defines WTO missions, including: 1) verifying the operation and implementation of all WTO agreements; 2) the management of the WTO dispute settlement procedure; 3) the creation of a forum for the continuation of trade negotiations; 4) cooperate with other international organizations (such as the World Bank and the International Monetary Fund) to strengthen the coherence of global economic policies; In July 1986, in Geneva, the Office of the Director-General prepared a series of updated documents to prepare for progress. [4] As noted below, the round began in September 1986 in Punta del Este, Uruguay, followed by negotiations in Geneva, Brussels, Washington, D.C. and Tokyo.