Description

This paper analyzes the achievements of the Uruguay Round, and issues with the post-Uruguay Round agenda. The paper highlights that the conclusion of the Uruguay Round is a major achievement in international trade relations and a crucial element in promoting world trade and growth in the medium term. It arrested the deterioration in the trading environment and created a strengthened framework for future trade relations, thereby boosting business and investment confidence. It also provides positive outcomes in several areas, including market liberalization and strengthening of rules and institutional structures.

More publications in this series: World Economic Outlook

More publications by: Arvind Subramanian ; Richard T Harmsen ; Peter Uimonen ; Naheed Kirmani ; Michael P Leidy