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Gatt 1

The article provides a comprehensive overview of the General Agreement on Tariffs and Trade (GATT), which was established in 1947 to reduce trade barriers and promote global commerce. It details the history, key agreements, and the transition of GATT into the World Trade Organization (WTO) in 1995, highlighting significant agreements under GATT and their implications for international trade. The document emphasizes GATT's role in facilitating trade liberalization and resolving trade disputes among member nations.

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Rukhshi Siddiqui
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8 views18 pages

Gatt 1

The article provides a comprehensive overview of the General Agreement on Tariffs and Trade (GATT), which was established in 1947 to reduce trade barriers and promote global commerce. It details the history, key agreements, and the transition of GATT into the World Trade Organization (WTO) in 1995, highlighting significant agreements under GATT and their implications for international trade. The document emphasizes GATT's role in facilitating trade liberalization and resolving trade disputes among member nations.

Uploaded by

Rukhshi Siddiqui
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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All you need to know about the General Agreement on Tariffs and Trade (GATT) by Shoronya Banerjee - Febusy24.2022 This article has been written by Oishika Banen! of Amity Law School, Kolkata. This article provides a detailed analysis of the General Agreement on Tariffs and Trade (GATT) which was a legal arrangement designed for lowering trade barriers by eliminating or reducing quotas, tariffs, and subsidies while keeping significant limitations in place. This article has been published by Shoronya Banerjee. Table of Contents 1.ntroduction 2.General Agreement on Tariffs and Trade : an understanding 2.1. History behind the General Agreement on Tariffs and Trade 2.1.1, Uruguay Round Protocal (GATT 1994) 2.1.2, Agreements hat were rospensble fr the formation of the Werld Trade Organization 43.Anticlas and thelr purpose under the General Agreement on Tariffs and Trade 4, Agreements under GATT 4.1. Agreementn agriculture 42 Agreamenton Sanitary and Phytosanitary Measures 43. Agreementn Textles and Clothing 44, Agreementen Technical Barriers toTrade 4.5.Agreementon TradeRdated Aspects of Investment Measures, 46. Agreementn Implementation of Article VI (Ant-dumping) 47. Agreement on Implementation of Article VI (Custom s Valuation) 48. Agreementen Preshipment Inspection 49. Agreementon Rules of Origin 4.10, Agreement on impart Licensing Procedures, 4.11, Agreement cn Subsidies and Cauntervailing Measures 4.12 Agreement en Safeguards 413, General Agreement n Trade in Services 4.14, Agreement cn Trade Related Aspects of Intellectual Property Rights including Trade in Caunterfit Goxde 5. Understanding Rules and Procedures Governing the Setiement of Disputes 6.Difference between GATT and WTO 7.Conclusion 8 References Introduction The General Agreement on Tariffs and Trade (GATT), which was signed on October 30, 1947, by 23, nations, was a legal agreement that aimed to reduce trade barriers by abolishing or decreasing quotas, tatifs, and subsidies while retaining considerable restrictions. The GATT was created to help the world economy recover after World War il by rebuilding and liberalising global commerce. On January 1, 1948, the GATT came into effect. Ithas been developed since then, culminating in the founding of the World Trade Organization (WTO) on January 1, 1995, which integrated and expanded it By this time, 125 countries had signed on to its accords, which covered almost 90% of world commerce. The GATT is overseen by the Council for Trade in Goods (Goods Council, which is made up of representatives from all WTO member nations. Market access, agriculture, subsidies, and anti-

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