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This is a timeline of the history of international trade which chronicles notable events that have affected the trade between various countries.. In the era before the rise of the nation state, the term 'international' trade cannot be literally applied, but simply means trade over long distances; the sort of movement in goods which would represent international trade in the modern world.
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.
The WTI was established in 1995 in connection with the Uruguay Round. [4] However, only in 1999 it was set up as an inter-university research institution and training centre of the University of Bern, the University of Fribourg, and the University of Neuchâtel within the framework of world trade law with the support of the World Trade Organisation.
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 ...
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]
A World Trade Center (also World Trade Centre or WTC) is a building or complex of buildings used for the promotion and expansion of trade and licensed to use the "World Trade Center" name by the World Trade Centers Association (WTCA).
Among the achievements were trade liberalization in agricultural goods and textiles, the General Agreement on Trade in Services, and agreements on intellectual property rights issues. The key manifestation of this round was the Marrakech Agreement signed in April 1994, which established the World Trade Organization (WTO). The WTO is a chartered ...
The agreement was ratified by Bangladesh, the European Union, India, and Switzerland, and the IJSG came into existence on 27 April 2002, with headquarters in Dhaka, Bangladesh. Switzerland withdrew from IJSG in September 2002. The states that remain in the IJSG account for approximately 60 per cent of the world's jute trade.