ABSTRACT

With the conclusion of the Uruguay Round of multilateral trade negotiations, the multilateral trading system has, under the aegis of the World Trade Organisation, become all pervasive. This is leading to, in some sense, a loss of domestic sovereignty over areas of policy which had hitherto been jealously guarded in the national realms. At the same time, global structures are being visualised for managing the spill-over of the trade policy regime into other realms of policy.