Sector‐Specific Multilateral Trade Agreements

Bernard M. Hoekman and Michel M. Kostecki

in The Political Economy of the World Trading System

Second edition

Published in print July 2001 | ISBN: 9780198294313
Published online November 2003 | e-ISBN: 9780191596445 | DOI:
 Sector‐Specific Multilateral Trade Agreements

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This chapter looks at the major sector‐specific agreements that have been negotiated under the auspices of GATT (General Agreement on Tariffs and Trade), and in particular at agriculture, and textiles and clothing. Both of these are sectors that have a long history of protectionism in many countries, and much remains to be done to lower barriers to trade to levels that approach the average prevailing in other sectors. Over time, both sectors were gradually removed from the GATT 1947 disciplines, and it was only during the Uruguay Round that they were re‐integrated into the trading system; the Uruguay Round agreements reached on the sectors are due to be fully implemented in 2005. The chapter also discusses the Information Technology Agreement (ITA), which was negotiated amongst a subset of WTO members during 1996, although it is applied on an MFN (most favoured nation) basis. The sections of the chapter are as follows: Agriculture; Textiles and clothing; The Information Technology Agreement; and Conclusion.

Keywords: agriculture; GATT; General Agreement on Tariffs and Trade; Information Technology Agreement; ITA; MFN; most favoured nation; protectionism; textiles and clothing; trade barriers; trading system; Uruguay Round; World Trade Organization; WTO

Chapter.  12394 words.  Illustrated.

Subjects: International Economics

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