Abstract
The Uruguay Round of trade negotiations took until December 1993 to be completed. Its conclusion has been heralded as a significant step on the part of countries belonging to the General Agreement on Tariffs and Trade (GATT). However, further cooperation by these countries is still required, as is the need to go further. The globalization of the world’s economies is paralleled by the increasingly global nature of environmental problems. This is true in terms of the effects of these problems (e.g., climate change and ozone depletion), and also because dealing with these problems will require international cooperation. In view of the significant role it will play in the world economy, this global response will, in part, include reforming the rules of the international trading system.

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