In the clinton administration one of the biggest reforms to global trade took place with the Uruguay Round. Many South African countries took part in this in hope to help with reducing tariffs, and create reforms in areas such as standards, customs and intellectual property laws. In order to implement this they under went massive amounts of training workers, purchasing equipment and legislative reforms. Years have passed since the Uruguay Round act and still many of these “Southern African Developement Communities(SADC)” still are having trouble getting their economy underway. They are countinuously struggling with keeping up adequate finances, institutional and technical capabilities. Another factor that has slowed their economic growth, is that developed countries refuse to let these SADC’s participate in Uruguay Round negotiations. Limiting the ability for them to engage in global trade. The WTO rules on their custom valuation, intellectual property rights, and sanitary measures. Leaving the SADC’s in between a rock and a hard spot when entering the market of global trade.
- Matt Rockows' Blog
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