Havana Charter

Havana Charter

Havana Charter in Global Commerce Policy

In this regard, a definition of this issue is as follows: the final draft of the Charter for an International Trade Organization (ITO), adopted at Havana in 1948. The breadth of its provisions can be gauged from its chapter headings: employment and economic activity, economic development and reconstruction, investment, restrictive business practices, inter-governmental commodity agreements, and commercial policy. The entries on trade policy are here. Australia and Liberia were the first two countries to ratify the Charter, but Australia did so on the condition that the United Kingdom and the United States would do likewise. The entries on trade policy are here. Indeed, most of the other negotiators waited for the United States to declare its hand before initiating ratification. The Charter never became part of international trade law for quite complex reasons. The entries on trade policy are here. It was meant to be a binding set of articles, but successive rounds of negotiations on its contents gradually turned more and more of them into best-endeavours obligations. Developing countries opposed an open investment regime. The entries on trade policy in the Encyclopedia are here. Ultimately, the aims of the Charter became entangled in United States domestic politics and concerns that it would constrain domestic sovereignty. The Executive therefore delayed bringing the Charter before Congress, but in 1950 it decided that it would no longer seek to have the Charter adopted by Congress. This served as a signal to other countries not to pursue further any ratification proceedings. Much of the contents of the chapter on commercial policy survived as the GATT (General Agreement on Tariffs and Trade). This had been negotiated separately in 1947, and it entered provisionally into force on 1 January 1948. Later attempts in UNCTAD to negotiate rules on some of the chapters covered by the Charter have reinforced the complexity of the issues to negotiators. See also Protocol of Provisional Application.[1]

Havana Charterin the wold Encyclopedia

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


Notes and References

  1. Dictionary of Trade Policy, “Havana Charter” entry (OAS)

See Also

Hierarchical Display of Havana Charter

Trade > International trade > Trade relations > Trade agreement > GATT

Meaning of Havana Charter

Overview and more information about Havana Charter

For a more comprehensive understanding of Havana Charter, see in the general part of the online platform.[rtbs name=”xxx-xxx”]


Translation of Havana Charter

Thesaurus of Havana Charter

Trade > International trade > Trade relations > Trade agreement > GATT > Havana Charter

See also





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