Single Undertaking

Single undertaking in Global Commerce Policy

In this regard, single undertaking is: a guiding principle in the framework of multilateral trade negotiations. The Doha Ministerial Declaration states that . . . the conduct, conclusion and entry into force of the outcome of the negotiations shall be treated as part of a single undertaking. . The Punta del Este Declaration which launched the Uruguay Round, also said that the conduct of the negotiations, their conclusion and entry into force were to be treated as a single process. Single undertaking  has also been used to refer to the requirement that WTO members must join all the agreements administered by it, except for the two plurilateral agreements. Membership of these remains optional. Before the WTO was established, GATT members could elect to a large extent which of the agreements under the purview of the GATT, other than the GATT itself, they wanted to join. See also early harvest.[1]

Single undertakingin the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Single undertaking” entry (OAS)

See Also