Section 22 Waiver

Section 22 waiver in Global Commerce Policy

In this regard, section 22 waiver is: refers to Section 22 of the United States Agricultural Adjustment Act which required the Administration to impose quantitative restrictions or surcharges (above normal tariffs) whenever agricultural imports interfered with a United States farm program. The entries on trade policy are here. In 1955, the United States was granted a waiver without a time limit to exempt this section of the Act from the GATT disciplines. Quotas imposed under Section 22 have been converted to tariff protection as a result of the Uruguay Round negotiations. See also agriculture and the multilateral trading system and tariffication.[1]

Section 22 waiverin the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Section 22 waiver” entry (OAS)

See Also