Traders in a brave new world

Ernest H. Preeg

In Traders in a Brave New World, Ernest H. Preeg, a distinguished former U.S. diplomat and trade negotiator, presents a blow-by-blow account of the Uruguay Round, an examination of the historical context in which it took place, and an insider's assessment of the agreement's future impact on the international trading system. The GATT was established in 1947 as a multilateral agreement on international trade. Of the eight rounds of negotiations, the Uruguay Round, covering the period from 1981 to 1994, had the widest participation and involved the most intensive negotiations. It was also the most comprehensive round, encompassing new areas such as trade in services and the protection of intellectual property, as well as longstanding problem areas such as agriculture and textiles. Most significantly, this round resulted in the establishment of a permanent World Trade Organization,...

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