Download or read book The Trading System After the Uruguay Round written by John Whalley and published by Washington, DC : Institute for International Economics. This book was released on 1996 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are growing pressures to reform the international trading system beyond whatever is accomplished in the Uruguay Round. This study assesses the present GATT system and concludes that the need for further reform is far-reaching. Whalley finds that the principles underlying the current system - nondiscrimination and multilateralism - will not adequately serve in the future to reduce trade barriers and promote the benefits of trade. The study outlines new approaches to reduce the level of protection and harness new regional trading arrangements to improve global economic performance.