Trade Liberalization and Small Economies: The Case of the Caribbean Community

  • Carlton G. Davis
  • Ballayram
  • Edward A. Evans
  • Clive Y. Thomas
Part of the Natural Resource Management and Policy book series (NRMP, volume 20)


The Uruguay Round of the General Agreement on Tariffs and Trade/World Trade Organization (GATT/WTO) confirm the trend toward a liberal international trade regime. The chief features of the agreement are: (1) reciprocal multilateral-trade arrangements based on the prohibition of nontariff barriers (NTBs) and the progressive reduction of tariffs; (2) market-driven economic imperatives and performance-based results; (3) regional or sub-regional cooperation oriented toward open regionalism; (4) linkage of trade to other areas of liberalization, especially trade-related property issues, investment, finance, and the movement of skilled workers and management; (5) linkages of trade to certain non-economic areas, such as environment and labor standards; and, (6) reinforcement of the predictability and certainty of the trade arrangements through appropriate compliance and enforcement mechanisms.


Gross Domestic Product Trade Liberalization Uruguay Round Much Favored Nation Agricultural Trade 
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Copyright information

© Springer Science+Business Media New York 2002

Authors and Affiliations

  • Carlton G. Davis
    • 1
  • Ballayram
    • 1
  • Edward A. Evans
    • 1
  • Clive Y. Thomas
    • 2
  1. 1.University of FloridaUSA
  2. 2.University of the West IndiesJamaica

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