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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.

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Trade Effects of the Uruguay Round and NAFTA: Merchandise

Protection of their domestic farmers by the western industrialised countries has resulted in major distortions in the world markets for temperate agricultural products – meat, dairy products and cereals. Because they are competitive with goods produced in those countries, this has also been true of a number of products that might have been considered as being in the comparative advantage of the developing countries, including sugar. Guaranteed prices and non-tariff barriers restricting imports have greatly increased output in the DMEs and the excess output has largely been sold on world markets at whatever price could be realised.

English

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