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by

Constantine Michalopoulos

Beginning with the Uruguay Round, developing countries' attitude towards participation in the GATT and, subsequently, in the WTO changed significantly: Many developing countries played a very active role in the Uruguay Round negotiations; and a large number decided to become members of WTO. This attitude change reflects a number of complex and inter-related developments: Developing countries, in general, have become more effectively integrated in the international trading system, and several have become major exporters of manufactures. Trade policies in many countries have been liberalized, favouring an outward orientation and lower protection. And, there has been a growing appreciation of the importance of observing international rules in the conduct of trade as well as the need to safeguard trading interests through effective participation in the activities of the new organization.