Abstract
The Uruguay Round Agreement on Agriculture has created a completely new legal framework for agricultural policies and trade. Its immediate impact on trading conditions will, though, depend on the way in which it is implemented. Much slack was built into the commitments which countries have accepted. For some time to come, actual policies will in many cases not be bound by the new commitments. The constraints on subsidised exports will probably have the most pronounced impact on trade. The many new tariff rate quotas raise a number of implementation issues. Implementation of the Special Safeguard Provisions may lead to unpleasant surprises. However, it would be wrong to assess the Agreement against an ideal world. It is a big step forward compared with past treatment of agricultural trade in the GA TT, and over time it is likely to influence policies more and more.
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