Asif H. Qureshi
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The Trade Policy Review Mechanism
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One of the most exciting of the developments that has emerged in the institutional sphere from the Uruguay Round of Trade Negotiations is the focus on ensuring closer adherence by members to the WTO code through the newly created Trade Policy Review Mechanism (TPRM). The Uruguay Round Mid-Term Review agreement establishing the TPRM was arrived at in Montreal, Canada, by the Trade Negotiations Committee at Ministerial level in December 1988. The criterion for the assessment of a member's foreign trade regime under the TPRM is the impact a member's trade policies and practices make on the multilateral trading order. The agreement is not very transparent with respect to the criteria for the review. A fortiori, the agreement on the TPRM can only refer to economic and/ or legal criteria. Indeed, this was the understanding of the negotiating group.

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The World Trade Organization

Implementing international trade norms

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