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Provisions of Agreement on Agriculture

Guest post by: African Development Bank

Article Overview: 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.

Provisions of Agreement on Agriculture

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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Article Tags: african development bank, agricultural commodities, agricultural markets, agricultural support, commitments, department of economics, developing countries, distortions, economic research, export competition, gatt rules, marginalization, market access, negotiation, professor department, term objective, university of benin, university of benin nigeria, wto agreement, wto members



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