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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 ...
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 national symbols of the Philippines consist of symbols that represent Philippine traditions and ideals and convey the principles of sovereignty and national solidarity of the Filipino people. [1] Some of these symbols namely the national flag , the Great Seal , the coat of arms and the national motto are stated in the Flag and Heraldic Code ...
The coat of arms of the Philippines (Filipino: Sagisag ng Pilipinas; Spanish: Escudo de Filipinas) features the eight-rayed sun of the Philippines with each ray representing the eight provinces (Batangas, Bulacan, Cavite, Manila, Laguna, Nueva Ecija, Pampanga, and Tarlac) which were placed under martial law by Governor-General Ramón Blanco Sr ...
A “like product” describes the particular relationship in international trade law between two goods that are produced by two different trading nations. This concept is the foundation of the two central principles of the World Trade Organisation (WTO) system as outlined in the General Agreement on Tariffs and Trade 1947 (GATT): Most Favoured Nation (Article I) and National Treatment ...
The seal of the president of the Philippines (Filipino: sagisag ng pangulo ng Pilipinas) is a symbol used to represent the history and dignity of the president of the Philippines. Its original form was designed by Captain Galo B. Ocampo , secretary of the Philippine Heraldry Committee, and patterned after the seal of the president of the United ...
After World War II, President Manuel Roxas issued Executive Order (EO) No. 94 on October 4, 1947, creating the Department of Commerce and Industry (DCI). [3] Cornelio Balmaceda, a much sought-after professor of economics and director of the Bureau of Commerce (BOC), was appointed acting secretary of the newly created Department of Commerce and Industry.
The Bureau of Customs (abbreviated BoC or BOC; Filipino: Kawanihan ng Adwana) is a Filipino government agency that is responsible for the collecting of customs duties, excise duties, and other indirect taxes in the Philippines.