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TeachMeFinance.com - explain Agreement on Agriculture Agreement on Agriculture The term 'Agreement on Agriculture ' as it applies to the area of agriculture can be defined as ' The Uruguay Round Agreement on Agriculture reached in 1994 and implemented in U.S. law by the Uruguay Round Agreements Act of 1994 brings agricultural trade more fully under international trade rules and obligations. The Agreement provides for the conversion of quantitative barriers to trade to tariffs or tariff rate quotas, and for reductions in export subsidies and trade-distorting domestic support policies'. Previous 5 Terms: agonistic agonistics agoraphobia agouti agravic Next 5 Terms: Agreement State agrestic Agribusiness Agricultural Act of 1949 Agricultural Act of 1954 About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.