The Trade Policy Review Mechanism (TPRM) is a little-known but
important activity of the World Trade Organization (WTO). Its
purpose is to strengthen observance of WTO commitments and promote
trade liberalization by providing all member countries with current
and objective information about the trade policies and practices of
each member individually and by establishing a forum within which
members can question one another's policies and practices in a
nonconfrontational manner. Since the TPRM was established in 1989
as one of the first fruits of the Uruguay Round of multilateral
trade negotiations, some 80 trade policy reviews (TPRs) have been
completed, covering nearly 60 countries. A review of the TPRM
itself is therefore timely. In light of eight years of experience
with the process, it is fair to ask whether the TPRM is meeting the
goals set for it at its inception. Are the reviews sufficiently
probing and analytical to provide information of real value? Do
they cover all relevant aspects of members' trade? Are they
unbiased and objective? Does the WTO devote sufficient resources to
the task of conducting the reviews-and to disseminating the
information that they generate? Is the potential value of this
information to those outside the trade negotiations process being
realized? This monograph seeks to answer these questions and
others.
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