The WTO agenda for the new millennium

This paper examines the main challenges confronting the WTO and assesses th e WTO's potential to address each of these issues in the near term. The imm ediate challenges include completing the integration of agriculture and tex tiles and clothing into the mainstream of the GATT, and improving rules for liberalizing trade in services. But many new issues have arisen during the 1990s. The paper assesses both the opportunities available to meet those c hallenges and the prospects for success in further market liberalization vi a a new round of multilateral tr-ade negotiations. If concludes by drawing out implications of these developments for Australia.