Cotton Management Economic Notes, Volume 3, No. 5
Citation
Tronstad, Russell. (1994). Cotton Management Economic Notes, Vol. 3, No. 5. The Department of Agricultural and Resource Economics, The University of Arizona.Abstract
The Uruguay Round of multinational trade negotiations concluded on December 15, 1993, and over 120 nations signed the agreement on April 15, 1994 in Morocco. Each nation must now ratify the agreement and pass legislation to comply with general terms before January 1, 1995. World trade negotiations, generally termed as General Agreement on Tariffs and Trade (GATT) reached their first agreement in Geneva in 1947 with 23 participating countries. The Uruguay Round was the eighth GATT round and the first one to focus on agriculture. Historically, agriculture has been coined sacred by most countries for “national security” reasons. Major gains have been declared for freeing up world trade for agricultural products. What are the implications for US cotton under a freer trading environment?Type
Periodicaltext