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Objectives and Results of the Uruguay Round

  • Enrico Sassoon

Abstract

At the end of 1993, when few were still confident of a positive outcome, the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) was finally concluded, even though the participating countries did not sign the final documents until 15 April 1994 at the Marrakesh Conference. The effective deadline, which had been set for 15 December 1993, was met only with extreme difficulty in an atmosphere characterized right up to the last minute by controversy. The final rush to conclude the negotiations was influenced by the imminent expiration of the ‘fast track’ authorization granted by the US Congress to the President.1 A similar deadline, originally fixed for the end of 1990, had already been missed, resulting in an extension of the ‘fast track’ authorization. But by the end of 1993 it appeared highly unlikely that the US Congress was willing to extend it again. Despite this and other incentives, three more years were needed in addition to the four originally allotted to complete the negotiations, an indication of the complexity of the negotiations and of the size of the obstacles that needed to be overcome to reach a satisfactory conclusion. During the entire period the deep and seemingly irreconcilable conflicts of interest over key areas of the negotiations put the Uruguay Round at risk of failure more than once.

Keywords

Common Agricultural Policy Dispute Settlement Uruguay Round Export Subsidy Tariff Reduction 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1997

Authors and Affiliations

  • Enrico Sassoon

There are no affiliations available

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