World Trade Organization And Its Implication For The Agricultural Sector Of Less Developed

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The World Trade Organization (WTO) which was established in 1995 is arnlandmark development in the history of international trade in agriculture. Beforernits establishment, trade in agriculture has been distorted and not liberalized. Butrndue to the coming into effect of the Uruguay round Agreement on Agriculturern(AOA), trade in agriculture has been fully liberalized. However, despite itsrnestablishment one could observe several drawbacks in fully realizing the benefitrnfrom being part of it. This is particularly so with the Less Developed Countriesrn(LDCs) who have been caught between the need for developing their agriculturalrnand industrial base on the one hand and unable to secure the benefits from theirrnmembership on the other hand. The central objective of the study, therefore, is tornanalyze the implications of WTO for the agricultural sector on selected lessrndeveloped countries and to draw lessons for Ethiopia.rnThe research was undertaken by raising some guiding questions such as Doesrnmembership to the WTO benefit the agricultural sector of LDCs? What lessonsrnEthiopia can learn from the experience of LDCs? To understand the extent tornwhich membership in the WTO have implications for LDCs, the study employedrnqualitative approach. In order to do that, data from the experience of Nepal andrnUganda has been gathered from primary and secondary sources and analyzed.rnThe finding of the study reveals that under the existence of internal and externalrnfactors membership in the WTO could not benefit the agriculture sector of LDCs.rnInternally, lack of surplus products, diversification, infrastructure, qualityrnproduct, technology and sufficient capital are the major factors that hinder thernbenefit of being a membership. Along with these, the study identified that there arernexternal factors, like domestic support, export subsidy, tariff and non-tariffrnbarriers which are practiced in developed countries that could affect the benefit ofrnmembership. The study concludes that Ethiopia which has the same agriculturalrncontext with other LDCs could face the same problem

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World Trade Organization And Its Implication For The Agricultural Sector Of Less Developed

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