GATT


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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 ?
Cuba's heterodox trade regime did become an issue in the GATT when it withdrew from the IMF in 1964, after failing to honor an International Monetary Fund (IMF) debt obligation inherited from the pre-revolutionary Batista regime.
Yet despite the heavy influence of western trading powers, the GATT provided a framework for Cuba to protect its trade interests, which at the beginning transcended political differences between the pre- and post-revolutionary regimes.
Existen varias opiniones encontradas de si el GATT fue un sistema provisional, un simple acuerdo comercial o si fue una organizacion formal de comercio, lo que si es verdad, es que desde el momento en que la OIC no se constituyo, el GATT fue el convenio comercial mas importante; el marco que regulo el comercio internacional hasta la constitucion de la OMC y, que como acuerdo internacional establecio derechos y obligaciones para los paises que los suscribieron.
El GATT centra la regulacion del comercio internacional en los aranceles de aduanas, como unicos instrumentos de control de comercio entre paises, sus objetivos, una vez que logra despejar los otros obstaculos al comercio exterior, es rebajar los niveles arancelarios a traves de progresivas negociaciones que tienen como fundamento la reciprocidad y ventajas mutuas entre las partes (Witker, Principios y estructura del GATT, 1979, pag.
Subpart B traces how the club dynamic manifested itself in the practices of participation in multilateral trade lawmaking throughout the history of the GATT. Subpart C argues that a fundamental recalculation of the costs and benefits of the participation of developing countries in the trading system led the major developed countries to conclude the Uruguay Round with the establishment of a new club with very different characteristics from the GATT, namely, the WTO.
(7) A resistencia ao tratamento do tema no ambito do GATT atendia a "preocupacao de evitar a extensao a servicos de regras aplicaveis ao comercio de mercadorias, tais como a da nao discriminacao entre produtos importados e produtos nacionais e a de recurso ao GATT como instancia supranacional para solucao de controversias".
Since 1970s particularly during 1980s, because of rapid economic progresses and complexity of the global trade, GATT could not afford all global trade issues because of not including all international relations.
The evolution of the procedures and provisions for GATT dispute settlement are first discussed in order to better grasp the key elements of the strengthened DSM under the WTO, before turning to its implementation.
Moreover, Australia's Gatt Wines ranked 2nd top winery in the world overall, just behind U.S.A.
The following sections of the article deal with the issue of WTO's jurisdiction over China's RMB exchange rate in various scenarios, i.e., where China's partners lodge a complaint in the WTO dispute settlement body by invoking Article XV, Paragraph 4 of the GATT, Article 6 and Article 3 of SCM and Article XXIII of the GATT.