"Since 1950 there has been a massive
liberalization of world trade taking various forms including the formation of free trade areas, customs unions, unilateral reductions in tariff barriers, and reductions in non-tariff barriers to trade".
(Thirlwall, A.,
Trade Agreements, Trade Liberalization and Economic Growth: A Selective Survey,
African Development Review, Volume 12, Number 2, 2000, consulted 2010-10-01)
"The agreement concluding the General Agreement on Trade and Tariffs (GATT) Uruguay Round provided the basis for
liberalization of world trade as well as the opportunity for the developing countries to use their resources to increase revenues generated from agricultural exports and, at the same time, to reduce pockets of poverty in their societies. This is more important than ever as food needs increase along with demographic growth."
(Jagielinski, R.,
World Food Summit, 1996, visited 2009-10-21)
