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General Agreement on Tariffs and Trade (GATT)

A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries.

General Agreement on Tariffs and Trade

An international treaty, originally written in 1947, intending to establish a framework for international trade, with the goal of the reduction and elimination of tariffs. Its provisions were amended a number of times since its promulgation, but its goals remained the same until 1995, when it was replaced by the World Trade Organization. See also: Doha round.


General Agreement on Tariffs and Trade (GATT).

A General Agreement on Tariffs and Trade was signed in 1947 to provide an international forum to encourage free trade, reduce tariffs, and provide a mechanism for resolving trade disputes.

The Uruguay Round Agreements Act was ratified by Congress in 1994 to foster trade by cutting international tariffs, standardizing copyright and patent protection, and liberalizing trade legislation.




References in periodicals archive ?
Driving the GATS agenda are powerful lobby machines like the U.
Distribution Rule is inconsistent with China's market access commitments under Article XVI of the GATS as it contains a limitation on the participation of foreign capital in contractual joint ventures engaging in the distribution of AVHE products, which falls within the scope of Article XVI:2(f).
The GATS is comprised of six parts and eight annexes and has been signed by 146 countries (as of April 4, 2003).
March 2001: GATS negotiating guidelines and procedures agreed.
The current GATS negotiations began in 2000, with a June 30, 2002 deadline for the submission of initial requests for market access and March 31, 2003 for the presentation of offers.
Finally, one of the most important aspects of the GATS that applies to all signatories is the progressive liberalization provision in Article XIX.
GATS is the first multilateral, legally enforceable agreement covering trade and investment in services.
The Government was making it "very clear" in its initial offer to the World Trade Organisation (WTO) on GATS that it considered such services were protected.
The poor can only benefit from GATS Sir, - Your correspondent Mr Verrall (Post, Mar 15) has totally misrepresented the European Union position on global trade in services (GATS - the General Agreement on Trade in Services).