Search results
Results from the WOW.Com Content Network
Within the WTO, safeguard measures were available under the General Agreement on Tariffs and Trade (GATT) (Article XIX). However, they were infrequently used, and some governments preferred to protect their industries by "grey area" measures ("voluntary" export restraint arrangements on products such as cars, steel and semiconductors).
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]
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 ...
It remained in effect until the signature by 123 nations in Marrakesh on 14 April 1994, of the Uruguay Round Agreements which established the World Trade Organization (WTO) on 1 January 1995. The WTO is a successor to the GATT, and the original GATT text (GATT 1947) is still in effect under the WTO framework, subject to the modifications of ...
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]
Nations are also still signing free trade agreements (FTAs)—and have been for years. Since the last new U.S. FTA entered into force in 2012, in fact, other governments have implemented a ...
The WTO was established 1 January 1995 as a result of the Uruguay Round of negotiations (1986–1994). It was formed from the GATT, which became one of the core agreements annexed to the Marrakesh Agreement, the document establishing the WTO. None of the other WTO agreements concluded at the end of the Uruguay Round include labour rights ...
The Bali agreement included a 12-month deadline for the development of "a clearly defined work programme" on the remaining issues. The alternative to the WTO was seen as a proliferation of bilateral and regional agreements and, in the case of agriculture, the increased use of private standards. [64]