GATT


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Related to GATT: WTO

GATT

General Agreement on Tariffs and Trade: a multilateral international treaty signed in 1947 to promote trade, esp by means of the reduction and elimination of tariffs and import quotas; replaced in 1995 by the World Trade Organization
References in periodicals archive ?
To achieve the other goals of developing production and trade, GATT member countries were easing the customs tariffs by designing and signing bilateral agreements and using the conditions of most-favoured-nations which had been accepted by all contracting sides, generalized these concessions to other members.
Thus, the GATT framers heeded the complexity of exchange rates and their effects on trade.
53) The Panel, in a decision largely supported by the evidence, found that China's measures were arbitrary, non-uniform, and not temporary in nature, in direct contradiction of GATT requirements.
The focus of earlier GATT rounds primarily was about reducing tariff levels in the world, while later rounds were about a wide range of trade issues, including trade in services; the protection of intellectual property through international rules for the protection of patents, trademarks, and copyrights; issues of agriculture subsidies; development and implementation of anti-dumping codes; and trade dispute settlement procedures.
Administrator of UNDP grants executing agency status to ITC, effective 1 January 1984, following endorsement by UNCTAD's Trade and Development Board and the GATT Council, as recommended by the Joint Advisory Group at its sixteenth session in March 1983.
GATT, through its practice of reciprocal tariff reductions, provided the necessary mechanism for countries to commit to freer trade.
I am willing to accept that Britain (and its Commonwealth allies) and the United States were the chief protagonists in the creation of the GATT but there is virtually no mention of the influence of any other countries throughout.
The principle of reciprocity is a GATT norm under which one country agrees to reduce its level of protection in return for a reciprocal concession from its trading partner.
As a preliminary discussion, it is enlightening to briefly examine GATT XXIV which provides the legal basis for NAFTA and the EU.
The Uruguay Round of GATT Negotiations And The Principle of Non-Discrimination
In the face of legality, when the United States signed on to the new international trade treaty GATT, the first to conceive of an idea is no longer considered the true inventor ever if he is the junior applicant with a log to prove diligence to reduce to practice or not.