A critical analysis of the agreement on agriculture in relation to developing countries-is market acess viable?
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Date
2011Author
Aluda, Jemimah Terresiah C
Type
ThesisLanguage
en_USMetadata
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Agriculture is the main trade product of many developing countries economies. It accounts for more than 30 percent of Gross Domestic Product," employs more than 60 percent of the labour force, represents a major source of foreign exchange, supplies the bulk of basic food and provides subsistence and income for a large percentage of the rural population. The WTO's predecessor, the GAIT, was established on a provisional basis after the Second World War in the wake of other new multilateral institutions dedicated to international economic cooperation - notably the "Bretton Woods" institutions now known as the World Bank and the International Monetary Fund. 12 Although, in its 47 years, the basic legal text of the GAIT remained much as it was in 1948, there were additions in the form of "plurilateral" - voluntary membership - agreements and continual efforts to reduce tariffs. Much of this was achieved through a series of "trade rounds".
Publisher
University of Nairobi, Kenya