摘要：The U.S. House of Representatives approved the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) on November 29, 1994. The U.S. Senate gave approval to the agreement on December 1, 1994, and President Clinton signed the trade pact on December 8, 1994. After other major trading nations formally approve the GATT agreement, it will initiate world trade reforms that begin in 1995 and extend to 2000 and beyond. Under the Uruguay Round GATT agreement, new trading rules will apply in many areas, including industrial products, services, intellectual property, and agriculture. The Uruguay Round agreement is unique because it brings agriculture under the trading rules of the GATT in important ways. While many parts of the U.S. agricultural economy expect to gain from the more open world markets produced by the GATT agreement, the dairy industry and the sugar industries represent exceptions. These industries will lose part of the price protection they enjoyed under import quotas. Export subsidies employed under the USDA’s Dairy Export Incentive Program (DEIP) also will be reduced by the GATT agreement.
