GATT. Treaty organization affiliated with the United Nations whose purpose is...
GATT was the predecessor to the WTO - it involved fewer countries and its rules were non-enforceable. However, many of the agreements made at GATT were carried into the WTO and, as new countries have joined, they have taken on these agreements which are now enforceable.
An agreement between member countries to reduce restrictions to international trade.
A multilateral treaty entered into in 1948 by the intended members of the International Trade Organization, the purpose of which was to implement many of the rules and negotiated tariff reductions that would be overseen by the ITO. With the failure of the ITO to be approved, the GATT became the principal institution regulating trade policy until it was subsumed within the WTO in 1995.
An agreement negotiated in 1947 among 23 countries, including the U.S., to increase international trade by reducing tariffs and other trade barriers. This multilateral agreement provides a code of conduct for international commerce. GATT also provides a framework for periodic multilateral negotiations on trade liberalization and expansion.
The global trading system, based on the Havana Treaty of 1947, that obligates states to follow the "most favored nation" principle to avoid discriminatory trade practices. GATT was succeeded by the World Trade Organization (WTO) on January 1, 1996.
the agreement among the major trading countries of the world that created the framework for lowering barriers to trade and resolving trade disputes; established after World War II, it has know been succeeded by the World Trade Organization (WTO)
Abbreviation: GATT Major international agreement on trade and tariffs between Nations all over the world. The discussions are now held by the WTO (World Trade Organization).
Struck in 1947 to reduce international trade barriers and establish fair trading standards, GATT has evolved into a quasi international trade organisation, with 88 member countries and its own offices in Geneva. There have been eight rounds of trade negotiations since GATT was established, the most recent being the Uruguay Round completed in 1993 which reduced barriers to agricultural trade.
International agreement designed to encourage and support world trade.
an international organization of 132 nations dedicated to reducing or eliminating tariffs and other barriers to world trade
a United Nations agency created by a multinational treaty to promote trade by the reduction of tariffs and import quotas
An international accord setting trade rules.
A multilateral trade agreement aimed at expanding international trade as a means of raising world welfare.
Created in 1947 as an agreement among twenty-eight nations to lower their trade barriers for one another, the GATT now includes most trading nations and has held ten multi-year bargaining "rounds," such as the Uruguay Round (1986-1993).
A post-World War II agreement designed to promote freer international trade among the nations of the world. The GATT was replaced by the World Trade Organization (WTO) in 1994.
A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries.
A multilateral treaty to which 85 nations (or more than 80 percent of world trade) subscribe; it is designed to reduce trade barriers and promote trade through tariff concessions, thereby contributing to global economic growth and development.
A treaty to which the U.S. and many other countries are signatories. Its purpose is to free international trade and reduce tariffs.
Set up in 1950 to reduce tariffs and other barriers to trade. Until the Uruguay Round in 1986 it had concentrated mostly on trade in manufactured goods. Replaced by the WTO in 1995, of which it now forms one of the constituent agreements. It is concerned with barriers to trade in goods.
From 1947 until 1995, an international organization with a mandate to reduce protection and promote free trade among nations. Many barriers to trade- import tariffs, import quotas, and others- were reduced during its eight rounds of international negotiations. Issues discussed during the last round of GATT negotiations, in Uruguay (1986-94), included reducing government restrictions on foreign investment and on trade in services such as banking, insurance, transport, tourism, and telecommunications. In 1995 GATT was succeeded by the World Trade Organization (WTO).
Multilateral agreement signed by 92 countries which establishes rules and guidelines for regulating world trade among members and a forum for countries to discuss and resolve trade disputes. An underlying principle of the GATT is that trade should be restricted only through the use of uniformly applied tariffs.
An agreement signed in 1947 designed to encourage free trade among member states by regulating and reducing tariffs on traded goods.
A free-trade agreement signed in 1947 by 23 nations. GATT member countries are required to treat all other member countries equally in the application of trade rules, consult with each other about trade matters and attempt to resolve differences through a dispute resolution process. Implementation of the agreement, including original tariff concessions, was accomplished through a Protocol of Provisional Application of the General Agreement on Tariffs that remained in place until the Uruguay Round created the World Trade Organization. The provisions of the original GATT were incorporated into GATT 1994 in the Uruguay Round.
Both a multilateral trade agreement aimed at expanding international trade and the organization which oversees the agreement. The main goals of GATT are to liberalize world trade and place it on a secure basis thereby contributing to economic growth and development and the welfare of the world's people.
an agreement, first negotiated in 1947, whereby the twenty-three founding trading nations hoped to increase world trade by lowering trade barriers; the eighth round—or Uruguay Round—of GATT talks established the World Trade Organization in 1994
founded by treaty in 1947 as the Bretton Woods institution responsible for negotiating a liberal international trade regime that included the principles of nondiscrimination in trade and most-favored-nation status. Re-formed itself as the World Trade Organization in 1995 (207)
An agreement originally negotiated in Geneva, Switzerland in 1947 to increase international trade by reducing tariffs and nontariff trade barriers. The agreement provides a code of conduct for international commerce and a framework for periodic multilateral negotiations on trade liberalization and expansion. The Uruguay Round Agreement (resulting from negotiations that stretched from 1986 through 1993 among over 100 nations) established the World Trade Organization (WTO) to replace the institutions created by the GATT. The WTO officially replaced the GATT institutions on January 1, 1995. The WTO administers the GATT 1947, the revisions in GATT resulting from the Uruguay Round negotiations (GATT 1994), dispute resolution among WTO member countries, and various agreements resulting from other previous multilateral trade negotiations.
Multilateral international treaty first created in 1947 and frequently amended (most recently in 1994) providing for fair trade rules and the gradual reduction of tariffs, duties and other trade barriers. The 1994 amendment created a World Trade Organization, which oversees the implementation of the GATT. 125 countries subscribe to the treaty at this time. General counsel The senior lawyer of a corporation, normally a full-time employee of the corporation. Some corporations contract this position out to a lawyer with a private firm.
an international organization affiliated with the United Nations that aims to reduce tariffs and other trade barriers.
An international agreement, established in January 1994, providing the legal framework for international trade, whose primary mission is the reduction of barriers to free trade between member countries. The GATT is now managed by the World Trade Organisation, based in Geneva, Switzerland. Français: Accord Général sur les Tarifs Douaniers et le Commerce (AGETAC) Español: Acuerdo General sobre Aranceles Aduaneros y Comercio (GATT )
A trade pact ratified in 1994 that cut tariffs world-wide, reduced agricultural subsidies, standardized copyright and patent protection and set up arbitration panels. GATT was also an institution that oversaw international trade issues. The institution changed its name to the
A comprehensive free-trade treaty signed in 1947 by 117 nations, including almost every developed country. The goal of GATT has been to promote global economic growth by encouraging and regulating world trade. Among other things, member countries are required to treat all other member countries equally in the application of import and export tariffs, offer basic copyright protection to authors from member countries, consult with each other about trade matters and attempt to resolve differences in a peaceful manner. GATT created an international regulatory body known as the World Trade Organization (WTO) to enforce compliance with the agreement.
Abbreviation: GATT. GATT is a binding contract among (in early 1992) 103 governments. GATT was established in 1947 as an interim measure pending the establishment of the International Trade Organization, under the Havana Charter. Operating in the absence of an explicit international organization, GATT has provided the legal framework for international trade with its primary mission being the reduction of trade barriers.â†’ Most Favored Nation Status (MFN)
Multilateral international treaty first created in 1947 and frequently amended (most recently in 1994) to which 125 countries subscribe. GATT provides for fair trade rules and the gradual reduction of tariffs, duties and other trade barriers. The 1994 amendment created a World Trade Organization, which oversees the implementation of the GATT.
The GATT is an international agreement designed to reduce tariffs on international trade.
(GATT) Signed in 1947, the GATT was a formal multilateral agreement aimed at expanding and liberalizing world trade. The World Trade Organization which is the successor to the GATT came into existence on January 1, 1995.
First signed in 1947, this international agreement was designed to lower barriers to international trade and was updated periodically in subsequent years. P General Court The legislature of the colony of Massachusetts was known as the General Court.
an international organisation comprising approximately 90 countries with the aim of promoting multilateral economic exchanges.
The General Agreement on Tariffs and Trade (typically abbreviated GATT) was originally created by the Bretton Woods Conference as part of a larger plan for economic recovery after World War II. The GATT's main purpose was to reduce barriers to international trade. This was achieved through the reduction of tariff barriers, quantitative restrictions and subsidies on trade through a series of different agreements.