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Argentina — Safeguard Measures on Imports of Footwear or Argentina — Footwear (EC) [1] or WT/DS121 is a WTO Dispute Settlement case that was initiated by a complaint made by the European Communities against Argentina. [2] The decision in this case was based on "parallelism" and represents the first deployment of that concept. [3] [4] [5]
In international trade law, a safeguard is a restraint to protect home or national industries from foreign competition.In the World Trade Organization (WTO), a member may take a safeguard action, such as restricting imports of a product temporarily to protect a domestic industry from an increase in imports causing or threatening to cause injury to domestic production.
An agreement could cause problems with domestic law but not international law or vice versa. There has been an increase in the desire of orderly marketing arrangements due to the rising pressures from the ever-changing patterns of imports and world trade, this led to orderly marketing arrangements becoming a tool for policy.
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The 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 cooperation—such ...
GUAM Organization for Democracy and Economic Development (GUAM) FTA [11] [12] - unclear application, the WTO was notified in only 2017 - multilateral free trade regime among 4 countries (International Trade Centre says there is no free trade area in operation with distinct rules from an Agreement on Creation of CIS Free Trade Area, was signed ...
A brand new WTO report, for example, calculates that more than 80 percent of all global trade still occurs under the organization’s multilateral rules (MFN column below)—about the same as in ...
The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination ...