GATT


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Related to GATT: WTO

GATT

abbreviation for General Agreement on Tariffs and Trade, an international agreement concluded in 1947 that is basically oriented towards free trade. It is still current in a renegotiated form and is a major parameter of international trade. It is organized by the World Trade Organization.
References in periodicals archive ?
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 IMF and GATT resulted from an integrated grand design for the post-WWII global economic infrastructure--the Bretton Woods Institutions--which were created precisely to address issues of global economic imbalances, or externalities, caused as a consequence of countries pursuing unilateral trade policy objectives.
38) In later findings, the Panel reasoned that GATT exceptions were not available to China as a defense to export duties because the language of its Accession Protocol foreclosed their application.
commercial rules and standards followed by GATT members.
First, GATT traditionally operates by "consensus," so that a decision during the review process to the effect that a PTA fails to conform with the GATT would require the members of the PTA to agree with that finding
GATT organizationally now is an agreement administered by the WTO.
United Nations General Assembly affirms ITC's status as a subsidiary organ of both the United Nations and GATT.
The treaty negotiated during the Uruguay Round, the GATT treaty of 1994, established the WTO--the international institution to govern trade that was first visualized by the attendees of the Bretton Woods Conference 50 years earlier.
GATT publishes magazines, manages web sites and sells travel products to niche markets, primarily to active employees and retirees of the airline industry.
Zeiler spent five years researching and writing this history of the birth of GATT.
On NAFTA, GATT, fast track, surrender of sovereignty to the World Trade Organization, NATO expansion, intervention in Bosnia and Kosovo, foreign aid, and International Monetary Fund bailouts, the Republican elite is, with few exceptions, remarkably close to Clinton-Gore," says Buchanan.
These rules, which are contained in the articles of GATT, remain largely a mystery to economists.