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The Uruguay round agreement on agriculture
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The Uruguay Round Agreement on Agriculture (URAA) broke new ground by applying disciplines to practices that had never been subject to effective international restraints. The scope of its policy and commodity coverage substantially exceeded that of earlier trade rounds. Its importance, however, lies more in precedent and principle than in performance. No dramatic burst of trade growth followed the Round, nor did the United States' share of agricultural trade rise.
1. THE CONTEXT
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