GATT Plus

GATT plus in Global Commerce Policy

In this regard, gatt plus is: an expression implying imposition or acceptance of international trade disciplines more stringent than those prescribed by the GATT or extending the GATT rules to areas beyond trade in goods. The entries on trade policy in the Encyclopedia are here. One of the most ambitious examples of “GATT plus” was the proposal by the Atlantic Council of the United States that there should be a code of trade liberalization within the GATT framework with stronger rules for the conduct of trade relations between industrialized countries willing to accept them. The entries on trade policy are here. According to its proponents, the benefits would have been extended to all GATT members according to the most-favoured-nation clause. The code would also have been open to new members willing to accept its obligations, but only code members would have been able to initiate tariff negotiations with another code member. The proposal did not find favour with GATT members as a whole. See also most-favoured-nation treatment and WTO plus.[1]

GATT plusin the wold Encyclopedia

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

Resources

Notes and References

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

See Also