Abstract
This paper studies the implications of the Uruguay Round for Kenya`s own trade regime and its external trading environment. The analysis indicates that Kenya did not undertake significant liberalization commitments under the Uruguay Round. There are however, several effects on Kenya`s external trading environment due to most-favored nation tariff cuts, erosion of preference margins, and changes in food prices. These effects are determined using simple computational techniques in a partial equilibrium framework. Overall, the results indicate that the effect on Kenya`s balance of payments in the medium-term may be negative but modest, and can be offset by pursuit of appropriate structural adjustment policies.
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