World Trade Organisation and Agriculture
Synopsis
On 15 December 1993 the world Changed. May be not as dramatically as the moment when the Berlin Wall fell, but then unlike that very necessary demolition job, the success of the Uruguay Round was a work of construction. Like the destruction of the wall, though, its effects will be profound and lasting ones felt far beyond its immediate context. It will be seen as a defining moment in modern history. The importance of the round can be seen in terms of boost it gives to job creation; to development; to investment; to economic reform; to the rule of law and in many other ways besides. All of these benefits are real and important. But the true value of the whole is much, much more than the sum of these parts. Put simply, governments came to the conclusion that the notion of a new world order was not merely attractive but absolutely vital; that the reality of the global market – whatever ambitions some of them may retain for regional integration – required a level of multilateral cooperation never before attempted.
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