Tag: WTO
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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 …
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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…
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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…
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GATT Accession
GATT Accession Summary of GATT Detais can be found in General Agreement on Tariffs and Trade). Accession Process The process was described by Christopher Mark in 1993: "Joining the GENERAL AGREEMENT ON TARIFFS AND TRADE is rarely a simple or straightforward matter –especially if the […]
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World Trade Law
World Trade Law Contents of World Trade Law Contents of this subject matter include: Introduction: the basis of world trade – an examination of comparative advantage and asking the question: “why trade at all?” the 'Buy Australia' Campaign, the relationship between […]
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Wto Accession
WTO Accession: Russia, Samoa, Montenegro, and Vanuatu in 2011 United States views on international law (based on the document "Digest of U.S. Practice in International Law"): On December 16, 2011, trade representatives at the 8th Ministerial Conference of the World Trade Organization […]
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Duty
A tax imposed by governmental authority on goods imported. The amount of the duty imposed on any given article is prescribed in the nation's […]
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Duty
A tax imposed by governmental authority on goods imported. The amount of the duty imposed on any given article is prescribed in the nation's […]
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Multilateral Trade Negotiations
Negotiations among many nations acting in concert for the purpose of reducing trade barriers. Since the inception of the General Agreement on Tariffs and Trade (read about the GATT for further details). in 1947, the mos…
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Multilateral Trade Negotiations
Negotiations among many nations acting in concert for the purpose of reducing trade barriers. Since the inception of the General Agreement on Tariffs and Trade (read about the GATT for further details). in 1947, the mos…
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Customs Cooperation Council
An international organization established for the purpose of harmonizing the customs procedures and techniques of member countries. The agency is concerned with the mechanics of customs administration and is not involved in matters relating to tariff levels or similar substantive economic […]
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Border Tax Adjustments
A refund or rebate of indirect taxes on merchandise, such as sales or value added taxes, when the goods are exported. Such rebates are authorized under the General Agreement on Tariffs and Trade ("http://lawin.org/General-Agreement-on-Tariffs-and-Trade/">read about the GATT […]
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Subsidies Code
A multilateral agreement arising out of the Tokyo Round of trade negotiations sponsored by the General Agreement on Tariffs and Trade (read about the GATT for further details), or GATT. The code, also known as the Agree…
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United States Trade Representative
An office, with ambassadorial rank, created by Congress to direct U.S. trade negotiations during the Kennedy and Tokyo Rounds. Known previously as the special trade representative and the special representative for trade negotiations, the office was reorganized with expanded powers by Executive […]
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Reciprocal Trade Agreements Program
An act of Congress which authorized the president to reduce tariffs in exchange for like concessions by trading partners. The Reciprocal Trade Agreements Act of 1934, enacted as an amendment to the Smoot-Hawley Act (read thi…