High agricultural tariffs in developing countries limit trade benefits, WTO setback.
The article discusses how the rules for agricultural trade were changed in the Uruguay Round Agreement. It looks at how tariffs on agricultural products were converted to ordinary tariffs, bound, and reduced. The creation of tariff-rate quotas was also agreed upon to open up new trade opportunities. However, some developing countries still have high tariffs on certain products, limiting trade benefits. The failure to reach agreements on tariff cuts and subsidies is seen as a setback. The paper analyzes the impact of these policies on developing economies and examines past agricultural reforms. Overall, the article aims to provoke analysis and debate on the controversial WTO talks.