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The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination ...
Many things impacted GATT like the Uruguay Round and the North American Free Trade Agreement. [13] In 1994 the World Trade Organization (WTO) was established to take the place of the GATT. This is because the GATT was meant to be a temporary fix to trade issues, and the founders hoped for something more concrete.
The principle of national treatment is formulated in Article 3 of the GATT 1947 [4] (and incorporated by reference in GATT 1994); Article 17 of the General Agreement on Trade in Services (GATS); and in Article 3 of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). The aim of this trade rule is to prevent internal ...
In 1995 the World Trade Organization (WTO) replaced the GATT as the administrative body. A current round of multilateral trade negotiations was conducted in the Doha Development Agenda round. Prior to the ongoing Doha Development Round, eight GATT sessions took place: 1st Round: Geneva Round, 1947; 2nd Round: Annecy Round, 1949
Download as PDF; Printable version ... Director-General of the General Agreement on Tariffs and Trade; Arthur Dunkel; E. Enabling clause; G. Template:GATT and WTO ...
The Agreement on the Application of Sanitary and Phytosanitary Measures, also known as the SPS Agreement or just SPS, is an international treaty of the World Trade Organization (WTO). It was negotiated during the Uruguay Round of the General Agreement on Tariffs and Trade (GATT), and entered into force with the establishment of the WTO at the ...
The General Agreement on Tariffs and Trade (GATT 1994) originally defined free-trade agreements to include only trade in goods. [6] An agreement with a similar purpose, i.e., to enhance liberalization of trade in services, is named under Article V of the General Agreement on Trade in Service (GATS) as an "economic integration agreement". [7]
General Agreement on Tariffs and Trade [note 146] Establishes international trade rules. Paris Peace Treaties, 1947: Formally ends World War II in the European Theatre. Inter-American Treaty of Reciprocal Assistance [note 147] A "hemispheric defense" doctrine signed by many nations in the Americas.