from Part IV - Major Substantive Topics
Published online by Cambridge University Press: 22 June 2023
A major difference between the WTO as compared with the World Bank and International Monetary Fund is the domestic political sensitivity of trade. Among trade issues, none are more politically sensitive than agriculture. It took eight rounds of GATT negotiations to achieve the landmark Agreement on Agriculture in 1993. There has been little progress toward reforming agricultural trade rules in the ensuing years. Much more needs to be done.
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