The major objective of this paper is to assess and to quantify the consequences of the Uruguay Round Agreement on Agriculture (URAA) on the agricultural trade of Sudan. Agriculture is the main sector of Sudan's economy. Sudan is characterized by its small open economy, and is classified as one of the least developed countries. Thus, Sudan becomes more vulnerable to any changes in international ...

This paper provides a quantitative study of the economic effects of a stylised simulation of trade liberalisation for Ireland using the GTAP model. The experiment incorporates the liberalisation of agricultural, manufacturing and services trade as well as measures to improve trade facilitation. The simulation is implemented against a baseline projection of the Irish and world economy over the n...

Developing countries are now the dominant voting bloc in the World Trade Organization (WTO). Many developing countries, especially the least developed, maintain that the Uruguay Round Agreement on Agriculture did little or nothing to benefit them. While many of these countries have presented proposals in the WTO for revisions to the agreement, most of these countries have limited analytical cap...

This paper provides a quantitative study of the economic effects of a stylised simulation of trade liberalisation for Ireland using the GTAP model. The experiment incorporates the liberalisation of agricultural, manufacturing and services trade as well as measures to improve trade facilitation. The simulation is implemented against a baseline projection of the Irish and world economy over the n...

Integration into the world economy has accelerated economic growth in many developing countries, providing an essential impetus to poverty reduction (IMF 2001). Continuing growth and integration of world markets, however, has reduced the distinction between domestic and international policies and provoked criticism of the trade-restricting measures of developed countries. The highly protected a...

Why? Because though the US, back in 1948, blocked the formation of an International Trade Organisation (ITO), believing that, at that time, the interests of its corporations would not be served by such a global body, it had changed its mind by the 1990s. Now it wanted an international trade body. Why? Because its global economic dominance was threatened. The flexible GATT (General Agreement on ...

Except during the Korean War and in 1959, US agriculture has recorded a positive trade balance on a fiscal year basis since the second year of World War II. Largely as a result of agricultural productivity growth during the 20th century, US agricultural production consistently exceeds the domestic demand for food, feed, and fiber, resulting in an increasing reliance by US agriculture on foreign...

Due to timely process of WTO negotiations, unwillingness of advanced industrial countries to give concessions to developing economies regarding tariff and non-tariff barriers on agricultural commodity imports, the ongoing initiatives in Northern hemisphere to establish new and wider free trading areas which will divert trade out of the market from Asian countries, and ineffectiveness of deepeni...