Provisions of Agreement on Agriculture

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References: Human Capital and Economic Development - By African Development Bank

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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The African Development Bank is the premier financial development institution of Africa, dedicated to combating poverty and improving the lives of people of the continent and engaged in the task of mobilizing resources towards the economic and social progress of its Regional Member Countries.The Bank’s s mission is to promote economic and social development through loans, equity investments, and technical assistance. The ADB is a multilateral development bank whose shareholders include 53 African countries and 24 non-African countries from the Americas, Asia, and Europe. It was established in 1964, with its headquarters in Abidjan, Côte d’Ivoire, and officially began operations in 1967.
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