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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Resources

Translation of Dillon Round

Thesaurus of Dillon Round

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

See also

  • Agricultural yield
  • Yield per hectare

Related Entries of the International Encyclopedia:

  1. Track Track I and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Track I: Designation for consolidated negotiating activities in the final phase of the Uruguay Roundconcerning market access in goods....
  2. Customs Harmonization Customs Harmonization and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Customs Harmonization: Intemational efforts to increase the uniformity of customs procedures such as valuation, [...]...
  3. State Trading Nations State Trading Nations and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of State Trading Nations: Countries that rely on government entities instead of private corporations to conduct their [...]...
  4. Customs Value Customs Value and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Customs Value: A method of valuing imported goods which excludes shipping costs from the final price....
  5. Ministerial Declaration Ministerial Declaration and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Ministerial Declaration: A decision by trade ministers of GATT members to launch a GATT Round of multilateral [...]...
  6. Tropical Products Tropical Products and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Tropical Products: Agricultural and other products of export interest to countries in tropical regions of Latin [...]...
  7. Counterfeit Code Counterfeit Code and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Counterfeit Code: A draft agreement, initiated in the closing stages of the Tokyo Round but never concluded, which [...]...
  8. Non-application Non-application and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Non-application: In the context of Uruguay Round discussions of a proposed Multilateral Trade Organization, refers to a [...]...
  9. Market Access Negotiations Market Access Negotiations and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Market Access Negotiations: In the context of the Uruguay Round as well as bilateral trade negotiations, [...]...
  10. Free Riders Free-Riders Free-Riders and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Free-Riders: In the context of the Uruguay Round discussions of a proposed Multilateral Trade Organization, [...]...
  11. Geneva Rounds Geneva Rounds and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Geneva Rounds: The first and fourth GATT Round of multilateral trade negotiations, held in Geneva, Switzerland. The [...]...
  12. Punta Del Este Declaration Punta del Este Declaration and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Punta del Este Declaration: A declaration adopted by trade ministers of GATT member countries in September [...]...
  13. GATT Standing Committee GATT Standing Committee and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of GATT Standing Committee: A permanent body of GATT members dealing with a specific area of trade policy. Includes [...]...
  14. Functioning of the GATT System Functioning of the GATT System (FOGS) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Functioning of the GATT System (FOGS): Designation for a negotiating group in the Uruguay Round [...]...
  15. Tariff Rates Column 2 Rates and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Column 2 Rates: US tariff rates assessed on imports from countries not receiving most- favored-nationtreatment. Most [...]...
  16. Negotiating Group Negotiating Group and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Negotiating Group: A group of country delegates in a GATT Round charged with planning and managing multilateral [...]...
  17. Free List A listing of all commodities on which no customs duties are imposed.......
  18. Multilateral Trade Organization Multilateral Trade Organization (MTO) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Multilateral Trade Organization (MTO): A proposed organization that would subsume the GAIT,the General Agreement on [...]...
  19. Plurilateral Plurilateral and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Plurilateral: In GATT parlance, refers to a consultation or negotiating session involving more than two countries [...]...
  20. User Fee User Fee and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of User Fee: A fee for a service --such as the provision of customs operations by the government of the importing country [...]...
  21. Marks of Origin Marks of Origin and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Marks of Origin: Physical markings indicating where an article was produced, as required by most countries' customs [...]...
  22. Environmental Dumping Environmental Dumping and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Environmental Dumping: Refers to an unfair trade practice whereby an exporter achieves a cost advantage over its [...]...
  23. Rollback Rollback and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Rollback: A commitment to phase out all trade restrictions or policies that distort trade or bring them into conformity with [...]...
  24. Negotiations Item-by-Item Negotiations and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Item-by-Item Negotiations: A method of tariff negotiations in which the expected trade effects of each [...]...
  25. GATT Codes GATT Codes and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of GATT Codes: Agreements negotiated under GATT auspices to remove or lessen the trade-distorting effects of nontariff measures [...]...
  26. Exhaustion Exhaustion and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Exhaustion: Refers to the doctrine that protection of intellectual property rights (IPR) is "exhausted" or confined [...]...
  27. Customs Trade Regulations Law of Similars and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Law of Similars: Regulations limiting importation of a product or altering its tariff treatment if a "similar" [...]...
  28. Substantial Supplier Substantial Supplier and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Substantial Supplier: An exporting country accounting for at least 10 percent of a country's imports of a given [...]...
  29. Computed Value Computed Value and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Computed Value: (Not to be confused with constructed value.) An alternative method permitted by the Customs Valuation [...]...
  30. Most-favored-nation A privilege granted to a nation to have customs duties levied upon its products at the lowest rate offered to any other nation. Customarily, the extension of most favored nation status is reciprocal. See tariff (Customs).......
  31. South-South Trade South-South Trade and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of South-South Trade: In the parlance of the 1970s and 1980s, refers to trade among developing countries ("the [...]...
  32. Protocol of Accession Protocol of Accession and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Protocol of Accession: A legal document that recognizes the rights and obligations agreed to as a consequence of a [...]...
  33. Rebalancing Rebalancing and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Rebalancing: A term used in GATT agriculture negotiations, referring to the ability to shift import protection from one [...]...
  34. Sherpa Sherpa and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Sherpa: An official of sub-cabinet rank from each of the major industrial countries responsible for coordinating his or her [...]...
  35. Rectifications Rectifications and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Rectifications: Changes made in a country's schedule of GATT concessions, usually .involving correction of errors but [...]...
  36. Environmental Trade Measures Environmental Trade Measures and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Environmental Trade Measures: Trade measures applied by importing or exporting countries in conjunction [...]...
  37. Service Mark Service Mark and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Service Mark: A distinctive mark used in the sale or advising of services to distinguish them from the services of others. [...]...
  38. Delegations Seven-Plus-Seven and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Seven-Plus-Seven: An informal meeting of GATT delegations from industrial and developing countries (originally seven of [...]...
  39. Administrative Review Administrative Review and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Administrative Review: In unfair trade cases, a mechanism for parties to a case to appeal a ruling on [...]...
  40. Global Quotas Global Quotas and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Global Quotas: Explicit limits set by a country on the overall value or quantity of goods, which may be imported from or [...]...
  41. Customs Procedures Customs and Administrative Entry Procedures and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Customs and Administrative Entry Procedures: Formalities applying to customs clearance of [...]...
  42. North-South Trade North-South Trade and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of North-South Trade: In the parlance of the 1970s and 1980s, trade between the developed market economies ("the [...]...
  43. Trade War Introduction to Trade War Trade War, economic tug-of-war between nations in which each side tries to limit the other's exports while flooding the other's market with its own goods." (1) Resources Notes and References Information about "http://lawi......
  44. Import Surcharge Import Surcharge and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Import Surcharge: A temporary tax on imports over and above established tariffs, usually enacted in times of economic [...]...
  45. Grey Area Grey Area Measures and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Grey Area Measures: Import relief measures taken outside the scope of GATT rules by countries seeking to protect [...]...
  46. Offer List A list of products, usually prepared in conjunction with multilateral trade negotiations, upon which a nation is prepared to negotiate trade liberalization; the list may also identify products that are to be specifically exempted from discussion.......
  47. Trade-Related Investment Measures Trade-Related Investment Measures (TRIMs) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Trade-Related Investment Measures (TRIMs): Designation for a Uruguay Round "' [...]...
  48. Shiping Transshipment and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Transshipment: Shipping goods through one country to another country in order to conceal the true country of origin. [...]...
  49. Supply Access Supply Access and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Supply Access: Assurances that importing countries will have fair and equitable access at reasonable prices to supplies of [...]...
  50. Framework Initiative Framework Initiative and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Framework Initiative: (Also known as the New Economic Partnership). An initiative launched by the United States in [...]...
  51. Pipeline Protection Pipeline Protection and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Pipeline Protection: In international negotiations on protection of intellectual property rights, refers to the [...]...
  52. Call Call and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Call: A request by an importing country for consultations with an exporting country concerning products whose shipments during a [...]...
  53. Structural Impediments Initiative Structural Impediments Initiative (SII) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Structural Impediments Initiative (SII): A series of bilateral negotiations begun in 1989 by the [...]...
  54. Economic Summit Economic Summit and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Economic Summit: Although the term can be used more generally, its most prominent use is in referring to the annual [...]...
  55. Working Party Working Party and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Working Party: An ad hoc subgroup established by the GATT Council to address a specific trade policy issue, such as a [...]...
  56. Protocol Relating to Trade Negotiations Among Developing Countries Protocol Relating to Trade Negotiations Among Developing Countries and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Protocol Relating to Trade Negotiations Among Developing Countries: [...]...
  57. Normal Value Normal Value and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Normal Value: An alternative term for fair value....
  58. Consular Fees Consular Fees and Formalities and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Consular Fees and Formalities: Special charges and procedures --such as documents that must be approved by [...]...
  59. Assimilation Assimilation and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Assimilation: A term referring to national treatment in the protection of industrial property. SeeParis Convention....
  60. Customs Classification Customs Classification and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Customs Classification: The determination of the appropriate category in which a traded product is classified for [...]...
  61. Protocol of Provisional Application Protocol of Provisional Application and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Protocol of Provisional Application: The legal device that enabled the original Contracting Parties [...]...
  62. Transition Transition and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Transition: A term referring to the period of time during which provisions of a trade agreement will be implemented [...]...
  63. Procedural Protectionism Procedural Protectionism and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Procedural Protectionism: Abusive administration of import control procedures allowed under GATT (especially [...]...
  64. Trade-Related Aspects of Intellectual Property Protection Trade-Related Aspects of Intellectual Property Protection (TRIPs) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Trade-Related Aspects of Intellectual Property Protection (TRIPs): [...]...
  65. Tariff Schedule Tariff Schedule and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Tariff Schedule: A comprehensive list of the goods, which a country imports, and the import duties applicable to each [...]...
  66. Trade Policy Review Mechanism Trade Policy Review Mechanism (TPRM) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Trade Policy Review Mechanism (TPRM): A process of examination in the GATT Council to provide [...]...
  67. Multilateral Steel Agreement Multilateral Steel Agreement (MSA) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Multilateral Steel Agreement (MSA): A proposed agreement that would phase out tariffs, eliminate [...]...
  68. Soft Loan A loan repayable by a foreign borrower in a Soft Currency (read this and related legal terms for further details). Such loans usually have been the product of long-term sales to countries without hard currency repayment ......
  69. Nontariff Measures Nontariff Measures (NTMs) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Nontariff Measures (NTMs): A broader term than NTBs, including not only import-restricting barriers but also [...]...
  70. Concessions Schedule of Concessions and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Schedule of Concessions: A list of import duties applicable to specific goods which a GATT Contracting Party [...]...
  71. Snapback Snapback and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Snapback: Provisions in a trade agreement that allow a signatory to temporarily rescind concessions under specified [...]...
  72. Green Box Green Box and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Green Box: A term used in the context of GA TT negotiations on agriculture and on export subsidiesto refer to a category of [...]...
  73. Residual Restrictions Residual Restrictions and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Residual Restrictions: Quantitative restrictions maintained since before 1947 by governments that were original [...]...
  74. Reverse Preferences Reverse Preferences and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Reverse Preferences: Tariff advantages once offered by LDCs to imports from certain industrial countries that have [...]...
  75. Degressivity Degressivity and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Degressivity: The characteristic of a trade restriction, which diminishes in severity over time. A degressive measure could [...]...
  76. Trade Bloc Trade Bloc and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Trade Bloc: A general term referring to regional arrangements among countries that have established formal mechanisms for [...]...
  77. Note Verbale Note Verbale and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Note Verbale: A formal diplomatic communication delivered orally to an official representative of another country. The [...]...
  78. Authors' Rights Authors' Rights and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Authors' Rights: A term used primarily in Latin American countries to refer to copyrights....
  79. Framework Agreement Framework Agreement and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Framework Agreement: A package of agreements negotiated during the Tokyo Round, dealing with (a) differential and [...]...
  80. Natural Resource-Based Products Natural Resource-Based Products and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Natural Resource-Based Products: Designation for one of the negotiating groups in the Uruguay Round that [...]...
  81. Appellations of Origin Appellations of Origin and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Appellations of Origin: (Also referred to as "geographic indications of origin.") The name of a [...]...
  82. Grandfather Clause Grandfather Clause and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Grandfather Clause: A provision in the GATT and other trade agreements permitting signatories to retain domestic [...]...
  83. Cross-Retaliation Cross-Retaliation and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Cross-Retaliation: Retaliation in one sector of trade, such as agriculture, to counter unfair actions or violations of [...]...
  84. Liner Code Liner Code and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Liner Code: Formal name is the United Nations Code of Conduct for Liner Conferences. Adopted in 1974, the Code seeks to [...]...
  85. Import Sensitivity Import Sensitivity and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Import Sensitivity: The vulnerability of a domestic industry to injury from foreign competition. See also sensitive [...]...
  86. Kennedy Round A series of international trade discussions commencing in Geneva in May 1964, under the auspices of the General Agreement on Tariffs and Trade (read about the GATT for further details). The discussions were prompted by ......
  87. Tokyo Round The seventh, and latest, round of multilateral trade negotiations sponsored by the General Agreement on Tariffs and Trade (read about the GATT for further details). Running from 1973 to 1979, the Tokyo Round resulted in......
  88. Torquay Round Detais can be found in General Agreement on Tariffs and Trade).......
  89. Dillon's Rule Concept of Dillon's Rule Note: explore also the meaning of this legal term in the American Ecyclopedia of Law. Resources See Also State Government Local Government Local Government Law...
  90. Uruguay Round Uruguay Round and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Uruguay Round: The eighth GAIT Round, launched in 1986 with 105 countries participating, and extended in December 1990 [...]...
  91. Annecy Round Annecy Round and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Annecy Round: The second GATT Round of multilateral trade negotiations, held in...
  92. GATT Round GATT Round and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of GATT Round: A cycle of multilateral trade negotiations conducted under the auspices of the GATT. Each Round has constituted a [...]...
  93. Green Round Green Round and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Green Round: A term referring to a proposed new GATT Round of multilateral negotiations that would address environmental [...]...
  94. Geneva Round Detais can be found in General Agreement on Tariffs and Trade).......
  95. Round Round (of trade negotiations) and International Trade Resources See Also GATT Round...
  96. Round Table Meaning of European Round Table (ERT) Here is a very short concept of european round table (ert) in the European Union framework: The ERT is a group of influential industrialists which lobbies top policy-makers privately and produces strategic papers on competitiveness and other European [...]...
  97. Discrimination Summary of Discrimination Unequal treatment in the duties, quotas, or administrative controls accorded to the products of one or more nations. Generally speaking, any nation which does not enjoy most FAVORED NATION (read this and related legal terms for further details) status is the subject [...]...
  98. Common Market Summary of Common Market A supranational organization of trading nations, created to promote economic collaboration and minimize constraints on the free movement of goods among the member states. Features of a common market include elimination of tariffs on goods moving between member [...]...
  99. Dumping Margin In those instances where a product has been dumped, that is, sold abroad at a price below the fair market value in the country of origin, the dumping margin is the difference between the home market price and the price at which the goods are sold abroad less incidental charges, such as export [...]...
  100. East- West Trade A general reference to trade between the industrial nations of the West, particularly those nations that are members of the Organization for Economic Cooperation and Development ("https://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms for [...]...
  101. International Commodity Organization An organization of the producing nations of a particular commodity. The principal motive for the organization is to foster price collaboration among the producers; the organization may establish buffer stocks to prevent wide swings in the market price of the commodity. The principal [...]...
  102. Treaty of Rome Treaty Of Rome Summary of Treaty Of Rome The document, signed at Rome in 1957 (effective January 1, 1958), by which the six founding states established the European Economic Community (read this and related legal terms for further details). (Main Author: William J. Miller) The Treaty of [...]...
  103. Disciplines Disciplines and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Disciplines: In GATT parlance, refers to members' substantive obligations undertaken by members to refrain from [...]...
  104. Diversionary Dumping Diversionary Dumping and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Diversionary Dumping: Sales by a firm at less than fair value in a foreign country, where the product is further [...]...
  105. Dispute Settlement Dispute Settlement and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Dispute Settlement: The process of negotiation, consultation, conciliation or mediation, and resolution of [...]...
  106. ACP Countries Acp Countries Summary of Acp Countries An acronym for African- Caribbean-Pacific countries. The term originated in conjunction with the LOME CONVENTIONS (read this and related legal terms for further details).(Main Author: William J. Miller) ACP (African, Caribbean, and Pacific) [...]...
  107. Balance of Payments Balance Of Payments Summary of Balance Of Payments The sum owed to or by a nation as the result of its international transactions during a given time period, usually one year. The balance of payments is calculated by subtracting the nation's total payments to foreigners from total [...]...
  108. Blockade Summary of Blockade An interdiction of maritime traffic to and/or from a given port or nation by the naval forces of another nation. Blockades usually arise out of declared war or other belligerent condition between the country whose area is blockaded and the country whose forces have [...]...
  109. Boycott Summary of Boycott A conspiracy or coalition for the purpose of impeding the commerce of another. Boycotts are often attempts to advance political objectives by economic means and fall into two categories; the primary boycott, in which a party to the boycott refrains from trading with the [...]...
  110. Chicken War A protracted dispute between the United States and the European Economic Community arising from the adoption of Europe's COMMON AGRICULTURAL POLICY (read this and related legal terms for further details) on chicken i......
  111. COCOM An informal working group comprised of Western governments, established for the purpose of preventing exports of certain strategic products to potentially hostile countries. The COCOM proscribed countries are: the USSR, its WARSAW pact (...
  112. Codex Alimentarius A document published by the Codex Alimentarius Commission establishing international standards for raw and processed food products. The commission was established in 1963 by the Food and Agriculture Organization in conjunction with the World Health Organization. Member states of either the FAO [...]...
  113. Commodity Summary of Commodity A nondifferentiated product produced with commonly available technology.(Main Author: William J. Miller) The Legal History of Commodity in Islamic Law This section provides an overview of Commodity in Islamic Law Commodity in International Trade Meaning of [...]...
  114. Common External Tariff Summary of Common External Tariff The uniform customs tariff applied by all the member states of a customs union or common market to imports from nonmember nations.(Main Author: William J. Miller) Common External Tariff and the GATT Policy Negotiations In relation to the GATT [...]...
  115. Compensation Summary of Compensation Trade concessions granted by one nation to another in recompense for other trade concessions that have been withdrawn or suspended.(Main Author: William J. Miller) Forms of Criminal Punishment: Compensation Introduction to Compensation Certain punishments [...]...
  116. Compensatory Tax A special import levy imposed by the European Economic Community upon certain agricultural imports when the entry price of such products falls below a reference, or minimum target, price and the import is priced so as to reflect an export subsidy. Compensatory taxes are institutionalized in the [...]...
  117. Conference Summary of Conference An association of steamship lines operating over a specific trade route, formed for the purpose of setting freight rates and service standards to be applied uniformly by all the member carriers. The Shipping Act of 1916 empowers the Federal Maritime Commission to [...]...
  118. Confrontation and Justification A mechanism employed during multinational trade negotiations to define the positions of the various national delegations. Typically, each participating nation submits to its trading partners a statement of views, proposed tariff cuts, et cetera. During a series of meetings each nation is [...]...
  119. Convention on International Trade in Endangered Species of Flora and Fauna Known commonly by the acronym CITES, a multilateral agreement to suppress international trade in endangered species of wildlife and plants. The convention was signed at Washington in 1973; in 1984, sixty-nine nations were signatories. Adherents to the convention pledge to interdict the [...]...
  120. Country of Origin For customs tariff purposes, the country in which an imported product was manufactured, grown, or produced. When goods pass through more than one country in the process of manufacture, the country of origin does not change unless the product has been transformed substantially; minor [...]...

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