Journal of Agricultural and Applied Economics, 31,2(August 1999):185–200 0 1999 Southern Agricultural Economics Association Hopes and Fears: The New World Trade Negotiations and Southern Agriculture

Understanding the impacts of the Uruguay Round (UR) Agreement on southern commod-ities serves as a starting point to assess the potential impacts of the next global trade negotiations in terms of hope (expanding export markets) and fear (new competition). Key issues examined include whether or not the UR Agreement resulted in new markets or new competition for key southern commodities+ otton, poultry, tobacco, and rice. For new markets, export data were analyzed to determine if exports increased since the passage of the UR Agreement in 1994. Also, countries that are leading world importers of these southern commodities were identified and data analyzed to determine whether the U.S. is exporting to these top markets. Alternatively, to assess whether the UR Agreement resulted in new competition for southern commodities, countries that are leading world exporters were identified and data anal yzed to determine whether the U.S. is among them. Data analyses was supplemented with interviews of southern commodities experts who assess impacts of the GATT-UR and identify issues for the next round of global trade negotiations