Part IV Of The GATT

Part IV of the GATT in Global Commerce Policy

In this regard, part iv of the gatt is: a protocol to the GATT which had its origin in the Kennedy Round and entered into force on 27 June 1966. The entries on trade policy are here. It added Articles XXXVI to XXXVIII to the GATT. The entries on trade policy are here. In these three articles developed countries agreed broadly that they would not expect reciprocity for tariff reductions and removal of trade barriers where the trade of developing countries is affected. Developed countries would also take measures to ensure that the trade of developing countries would not be disadvantaged by actions taken by developed countries and to work together with them to promote and expand their trade. The entries on trade policy are here. Although these three articles impose few legal conditions on developed countries, they have shaped to a considerable extent the form of the trading system since 1965 through lessening expectations of what developing countries could or should be required to do. See also Enabling Clause and developing countries and the multilateral trading system.[1]

Part IV of the GATTin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Part IV of the GATT” entry (OAS)

See Also