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The American economists Harry Dexter White (left) and John Maynard Keynes (right) at the Bretton Woods Conference in New Hampshire [27]. The WTO precursor, General Agreement on Tariffs and Trade (GATT), was established by a multilateral treaty of 23 countries in 1947 after the end of World War II, in the wake of other new multilateral institutions dedicated to international economic ...
The GATT was the only multilateral instrument governing international trade from 1946 until the WTO was established on 1 January 1995. [9] Despite attempts in the mid-1950s and 1960s to create some form of institutional mechanism for international trade, the GATT continued to operate for almost half a century as a semi-institutionalized multilateral treaty regime on a provisional basis. [10]
Ngozi Okonjo-Iweala GCON (/ ə ŋ ˈ ɡ oʊ z i ə ˈ k oʊ n dʒ oʊ ɪ ˈ w eɪ l ə / ⓘ; born 13 June 1954 [2]) is a Nigerian economist, [3] [4] [5] [6] who has ...
March 1948 - Charter of the ITO signed but US Congress rejects it, leaving GATT as the only international instrument governing world trade. 1949 - Second GATT Round of trade talks held at Annecy, France. 1950 - Third GATT Round held in Torquay, England. 1956 - The Geneva Round completed in May 1956, resulting in $2.5 billion in tariff reductions.
World Trade Organization dispute settlement cases (20 P) World Trade Organization member economies (134 P) World Trade Organization ministerial conferences (12 P)
The original members of the World Trade Organization are the parties to the General Agreement on Tariffs and Trade (GATT) after ratifying the Uruguay Round Agreements, [1] and the European Communities. They obtained this status at the entry into force on 1 January 1995 or upon their date of ratification.
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The World Trade Report (WTR) is the annual report published since 2003 by the World Trade Organization. Each WTR provides an in-depth analysis of an aspect of trends in international trade , trade policy issues and the multilateral trading system.