The Uruguay Round (UR) Agreement stipulates that, beginning January 1, 2000, WTO members will launch a round of negotiations for trade liberalisation in agriculture and services. With that date approaching, there is now a talk in international policy circles of a millennium round of multilateral trade negotiations (MTNs). How should the developing countries such as India approach this development? Economic Times, December 14, 1998 The Uruguay Round (UR) Agreement stipulates that, beginning January 1, 2000, WTO members will launch a round of negotiations for trade liberalisation in agriculture and services. With that date approaching, there is now a talk in international policy circles of a millennium round of multilateral trade negotiations (MTNs). In all likelihood, the next WTO Ministerial, to be held in Washington, D.C. next year, will begin giving shape to the agenda for such a round. How should the developing countries such as India approach this development? Prior to the Uruguay Round, developing countries had not participated actively in the MTNs. On the one hand, this fact gave developing countries a ``free ride''; under the Most Favoured Nation…
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