The Genesis of the GATT
The Creation of the GATT 1 1 After the First World War To understand the origins of the GATT one must appreciate the traumatic events of the 1920s and 1930s The period between World War I and World War II was a political and
An introduction to the WTO and GATT
imports from other GATT members The success of these rounds is evident (see figure 1) Tariffs on man-ufactured products fell from a trade-weighted average of roughly 35 percent before the creation of GATT in 1947 to about 6 4 percent at the start of the Uruguay Round in 1986 5 Over the same time period, the vol-
The WTO and GATT: A Principled History
GATT, especially those with a principal supplying interest, were developed economies They focused their negotiation efforts on reducing import barriers creation of WTO, and so on 2001
THE GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT 1994)
(GATT 1994) The following legal text of GATT 1994 is that of GATT 1947 as rectified, amended or modified by the terms of legal instruments that entered into force before the date of entry into force of the WTO Agreement and without amendment to take into account the explanatory notes in paragraph
THE EFFECTIVENESS OF THE GATT THROUGH ITS MAJOR ACHIEVEMENTS
contracting parties, GATT was based on three key principles (Marrewijk, 2007): non-discrimination, reciprocity and prohibition of quantitative trade restrictions The creation of the WTO represented an important development in international trade policy over the past fifty years The decision to create a WTO arose during the course of the
GATT disputes: 1948-1995
The settlement of disputes under the GATT 1947 has been the subject of abundant academic literature 1 However, there has been no verified, comprehensive compilation of all information concerning GATT disputes from 1 January 1948, when the GATT started to be applied through the Protocol of Provisional Application, until its termination one
40TH ANNIVERSARY, 30 OCTOBER 1987
GATT/40/3 Page 4 GATT was a "trial marriage" of sorts when the 23 founding contracting parties - twelve developed and eleven developing countries signed it on 30 October 1947 Members had the right to withdraw upon just six-months' notice The GATT came into force on 1 January 1948 through the Protocol of
Chapter 3: India in the GATT and the WTO
eighth and last round of MTNs under the auspices of the GATT, and as-sess the wide-ranging agreements of that round, including the creation of the World Trade Organization (WTO) to subsume the GATT in 1995 This assessment leads us to make recommendations for India’s role in the new
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