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A thorough understanding of the world trading system is critical to increasing the competitiveness of enterprises around the world. This guide to the world trading system constitutes a revised edition of ""Business Guide to the Uruguay Round"", and contains updates on developments which have taken place since 1995. It also includes a new section on six trade-related subjects: trade and environment; competition; trade facilitation; trade investment; policy transparency in government and procurement; and electronic commerce. The publication seeks to help business leaders in the international community to understand the implications of the WTO Agreements, and how they should apply the various provisions and rules in their day-to-day business decisions.