What Is One Provision of the Uruguay round Agreement Quizlet

The Uruguay Round Agreement is a historic trade agreement that was signed in 1994. It is considered to be one of the most comprehensive trade agreements in history and covers a wide range of issues related to international trade.

One of the provisions of the Uruguay Round Agreement that is frequently discussed on Quizlet is the Agreement on Agriculture. This agreement was reached in order to address some of the longstanding issues surrounding agricultural trade and to promote greater openness and fairer trade in this sector.

Under the Agreement on Agriculture, countries that are members of the World Trade Organization (WTO) agreed to certain provisions related to agriculture. One of the key provisions was the establishment of a system of trade rules that would govern agricultural trade between WTO members.

This system includes provisions related to market access, domestic support, and export competition. For example, WTO members agreed to gradually reduce tariffs and other trade barriers that make it difficult for farmers in one country to sell their products in another country.

In addition to these provisions, the Agreement on Agriculture also includes a commitment to protect the environment and to promote sustainable agricultural practices. This reflects a growing recognition among policymakers that environmental concerns and sustainable development are important considerations in international trade.

Overall, the Agreement on Agriculture is an important provision of the Uruguay Round Agreement that has helped to promote greater openness and fairness in international agricultural trade. While there are still many challenges and obstacles to be overcome in this sector, the agreement has laid the foundation for continued progress and cooperation in the years to come.