A new round of WTO negotiations on agriculture, services and perhaps some other issues is expected to be launched in late 1999. To what extent should those negotiations include so-called "new trade agenda" items aimed at ensuring that domestic regulatory policies do not discriminate against foreign suppliers? We argue in this paper that while market access negotiations should be given priority, as the potential welfare gains from liberalizing access to agricultural (and services) markets is still huge, the new issues should be included too. This is because they would increase the role of market disciplines in the allocation of resources in the agricultural sector itself, and would ensure non-agricultural groups with interests in the new issues take part in the round to counter-balance forces favoring agricultural protection. We also argue, however, that rule-making efforts to accommodate the new issues should be de-linked from the agricultural market access negotiations, because the issues affect all sectors of activity.
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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number
2096.
Find related papers by JEL classification: F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
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