The long-term objective of the WTO Agreement on Agriculture is to establish a fair and market-oriented agriculture trading system. It is also aimed at initiating a reform process through the negotiation of commitments on support and protection and through the establishment of strengthened and more operationally effective GATT rules and disciplines.
This long-term objective is to provide for substantial progressive reductions in agricultural support and protection sustained over an agreed period of time, resulting in the correction and prevention of restrictions and distortions in world agricultural markets.
The WTO embodies provisions, as agreed on by developing countries, aimed at boosting developing countries performance in world trade in agricultural commodities. The WTO members agreed to have specific binding on the following three areas:
(a) market access, (b) domestic support, and (c) export competition and subsidies.
African Development Bank Economic Research Working Paper Series Enhancing Africa’s Trade: From Marginalization to an Export-Led Approach to Development Milton A. Iyoha Professor, Department of Economics & Statistics University of Benin, Nigeria Economic Research Working Paper No 77 (August 2005)
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