Tokyo Round


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Tokyo Round

A global discussion on the role of tariffs that took place over several years and resulted, in 1980, in the Tokyo Declaration, which called for a significant reduction in tariffs over the next eight years. It also led to the adoption of an agreement on the appropriate times to use countervailing duties. See also: General Agreement on Tariffs and Trade.
References in periodicals archive ?
documented in the GATT study "The Tokyo Round of Multilateral Trade
Australia) to participate in the Tokyo Round market access negotiations
73) As a result, the 1992 Bilateral Agreement remained in force, as supplemented by the 1979 Tokyo Round agreement.
1986) International Trade and the Tokyo Round Negotiations.
Shrontz said that the 1979 GATT Tokyo Round and the accompanying Civil Aircraft Code prohibited government subsidies for commercial airplanes and said, "We believe the European governments that support Airbus Industrie have not honored the GATT agreements in these matters.

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