Dillon Round

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Dillon Round

Summary of Dillon Round

A series of multinational trade discussions conducted during 1960-1962 under the sponsorship of the general agreement of tariffs and Trade (read this and related legal terms for further details). The principal result of the discussions was the adoption of a common external tariff by the European Economic Community. In response to this action by the EEC, the United States granted to the EEC significant concessions on agricultural exports.

(Main Author: William J. Miller)

Dillon Round and the GATT Policy Negotiations

In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Dillon Round: The fifth GAIT Round of multilateral trade negotiations, held in Geneva from May 1959 through July 1962. The Round focused on revision of the GATT agreements and the addition of new countries. Tariff reductions, which were based on item-by-item negotiations, averaged roughly 10 percent on $4.9 billion of trade among the 45 participating countries. The Round was named for C. Douglas Dillon, then US Under Secretary of State, who led moves to launch the Round.

Hierarchical Display of Dillon Round

Trade > Tariff policy > Tariff policy > Tariff negotiations

Dillon Round

Concept of Dillon Round

See the dictionary definition of Dillon Round.

Characteristics of Dillon Round

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Translation of Dillon Round

Thesaurus of Dillon Round

Trade > Tariff policy > Tariff policy > Tariff negotiations > Dillon Round

See also

  • Agricultural yield
  • Yield per hectare

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