Copyright (c) 2006 Drake University
Drake Journal of Agricultural Law
NOTE: Cambodia's Accession to the World Trade Organization and It's Impact on Agriculture
11 Drake J. Agric. L. 107
Jillian M. Young *
The purpose of this Note is to explain the reasons why Cambodia joined the World Trade Organization (WTO), show the difficulties the country will have to overcome in order to become an active member state, and explain both the positive and negative impacts of its membership on Cambodian society.
The WTO was established in 1995 to liberalize trade around the world and provide a forum for governments to negotiate trade agreements in a variety of areas, including agriculture. 1 The Agriculture Agreement of the WTO was established during the 1986-1994 Uruguay Round. 2 The Agriculture Agreement is the first international agreement dealing with agriculture and is a significant first step toward fair competition and a less distorted sector. 3 The objectives of the Agreement are to reform the trade policies of nations and to make policies that are more market-oriented by creating rules and regulations dealing with market access, domestic support, and export subsidies. 4 The agreements passed by the WTO are signed by the government of each member nation and are passed to promote the ultimate goal of the organization: to improve the welfare of the citizens in each nation. 5 The passing of regulations help the producers of goods and services, importers and exporters conduct their business; the WTO is helping the citizens of each member nation earn a living. 6 The WTO is a large and powerful organization that continues to grow as more Least Developed Countries look to ...
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