GATT


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.
Related to GATT: WTO

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.

GATT

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.

GATT

see WORLD TRADE ORGANIZATION.

GATT

see WORLD TRADE ORGANIZATION.
References in periodicals archive ?
Similar was the outcome in the cases of India--Automobiles wherein the various measures under the Export and Import Policy 1997--2002 of India and upon importation of certain automobile parts and components related thereto were challenged, and in the Brazil--Automotives wherein similarly certain automotive investment measures taken by the Brazilian government were challenged as violative of the TRIMs Agreement Article 2, GATT Articles I:1, III:4 and XI:1 and other provisions.
check] Does the TPA's administration of defined benefit plans, including 412(i) plans, involve monitoring the GATT limit?
As a result, GATT ensures a win-win situation for all sides.
A finalizacao do texto do GATT inaugurou ainda uma sucessao de rodadas de negociacao (10) entre diversos paises (11), as quais buscavam precisamente delimitar as novas perspectivas referentes ao ja descrito movimento de liberalizacao do comercio internacional.
Thus, the ostensible institutional "reconciliation" of the GATT with the ITO was from the start conspicuously informed by the third rationale for the club approach: the ability of club members to force others to join the club on the members' terms.
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.
It would not be enough for the GATT to require WTO members to maintain a global trade balance while GATS imposes no obligation in this regard on WTO members.
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.
preferences negotiated under GATT auspices; (3) multilateral
Although GATT created the legal authority for PTAs in 1947, the economic implications of PTAs were not well understood at the time.
B) upheld the Panel' s Ending that with respect to imported auto parts in general, the measures at issue are inconsistent with Article III:2, first sentence, of the GATT 1994 in that they subject imported auto parts to an internal charge that is not applied to like domestic auto parts;
Tariff Negotiations and Renegotiations under the GATT and the WTO -- Procedures and Practices.