The Uruguay Round and NAFTA

The Challenge for Commonwealth Caribbean Countries

image of The Uruguay Round and NAFTA

This study provides a comprehensive analysis of the combined impact of the Uruguay Round and NAFTA on the Commonwealth Caribbean countries. It also makes recommendations on policy options available to them. It is hoped that the study will provide a good basis for member governments in this region in assessing the policy implications of the impending changes in the international training system in the context of their economies, and formulating appropriate responses.



Introduction and Overview: Changes in Trade Regimes and the Commonwealth Caribbean

The Uruguay Round (UR) finally reached a conclusion – at least insofar as most negotiating groups were concerned – at Marrakesh in April 1994. The agreement was ratified by a sufficient number of the legislatures of the participating countries that implementation began from the beginning of 1995. The effects of the UR on developing countries can be divided into market access effects, effects on trade-related issues such as investment and intellectual property rights, and trade regulation effects, including new rules for anti-dumping procedures, countervailing actions, safeguards and disputes settlements.


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