Food Trade and World Trade Organization: Agriculture Agreement
The World Trade Organization (WTO) Agreement on Agriculture (Agriculture Agreement 1994) is the primary multilateral trade agreement that addresses international agricultural trade. The preamble to the Agriculture Agreement outlines the objectives of its negotiation. The first objective is “to establish a fair and market-oriented agricultural trading system.” To meet that objective, a two pronged approach is outlined: (1) negotiation of commitments on agricultural support and protection and (2) more operationally effective GATT rules and disciplines. The result of the negotiation and rules is to be the “substantial progressive reductions in agricultural support and protection sustained over an agreed period of time, resulting in correcting and preventing restrictions and distortions in agricultural markets.” Thus, to establish a fair and market-oriented agricultural trading system, the Agriculture...
- The World Trade Organization. (1994). Agreement on agriculture. https://www.wto.org/english/docs_e/legal_e/14-ag_01_e.htm