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Perhaps the major accomplishment of the Uruguay Round is agreements reached on nontariff barriers (NTBs). All NTBs imposed under the Multifiber Arrangement (MFA) will be phased out over 10 years, and all"voluntary"export restraints will be abolished. OECD countries'NTBs on agricultural goods...
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OECD barriers did not play a significant role in sub-Saharan Africa's declining position in world trade over the last three decades. The detrimental effects of the African countries'own policies, such as those that influence international transport costs, were considerably more important....
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The authors explore the argument that trade between the Mercosur countries should be stimulated by preferential policies because of their geographic proximity. That is, that the Mercosur countries are candidates for natural integration. They find that, on average, transportation margins on trade...
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