Geneva Tariff Conference, 1947

Geneva Tariff Conference, 1947 in Global Commerce Policy

In this regard, geneva tariff conference, 1947 is: consisted of tariff negotiations between the participants in the Preparatory Committee of the United Nations Conference on Trade and Employment. The entries on trade policy are here. About 45,000 concessions were exchanged. This was the first occasion when tariff negotiations were conducted multilaterally. Negotiations were conducted under the principal supplier rule. The entries on trade policy are here. In other words, the granting of a concession only had to be considered if the country supplying the largest part of the product made a request for a tariff reduction. The Geneva Tariff Conference is deemed to have been the first round of multilateral trade negotiations. See also principal supplier right.[1]

Geneva Tariff Conference, 1947in the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Geneva Tariff Conference, 1947” entry (OAS)

See Also