GATT 1994

GATT 1994 in Global Commerce Policy

In this regard, gatt 1994 is: General Agreement on Tariffs and Trade 1994. The new version of the general Agreement, which governs trade in goods. The entries on trade policy are here. It is the formal name for the GATT 1947 and the collected amendments, interpretations, additions, etc. to it made since its entry into force. The entries on trade policy are here. It is a part of the agreement establishing the WTO, and it has no independent legal status. The entries on trade policy are here. It consists, in addition to the provisions contained in the GATT 1947 (not the GATT 1947 agreement itself), of protocols and certifications relating to tariff concessions, protocols of accession, decisions on waivers still in force and other decisions taken by the GATT contracting parties, but not the grandfather clause. The entries on trade policy are here. It also includes six understandings interpreting several GATT articles and the Marrakesh Protocol to GATT 1994 which covers tariff concessions made by members. Countries joining the WTO accept all the rights and obligations contained in the GATT 1994, but they cannot accede separately to it. See also Marrakesh Agreement Establishing the World Trade Organization and single undertaking.[1]

GATT 1994in the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “GATT 1994” entry (OAS)

See Also