This paper assesses the potential impact of the Uruguay Round on agricultural trade preferences. The potential value of such preferences given by the European Union, Japan and the United States is estimated at US$1.9 billion in 1992, one-third going to Africa, 40 per cent to Latin America and the Caribbean, and the rest mainly to developing countries of the Far East and Oceania. After the Uruguay Round reduction in Most-Favoured-Nation (MFN) rates, the potential value of preferences is estimated to fall by around US$0.7 billion, of which Africa, Latin America and the Caribbean, and the Far East account for 26 per cent, 39 per cent, and 28 per cent, respectively. On a commodity basis, the biggest losses are estimated for fruit and nuts, coffee and tea.
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