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Gatt
Essay specific features
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Written by:
Kimberly D
Date added:
January 26, 2016
Level:
University
Grade:
C
No of pages / words:
2 / 468
Was viewed:
4993 times
Rating of current essay:
Essay content:
GATT membership now includes more than 110 countries.
It was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO). The Bretton Woods Conference had introduced the idea for an organization to regulate trade as part of a larger plan for economic recovery after World War II...
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As governments negotiated the ITO, 15 negotiating states began parallel negotiations for the GATT as a way to attain early tariff reductions. Once the ITO failed in 1950, only the GATT agreement was left. The GATT's main objective was the reduction of barriers to international trade. This was achieved through the reduction of tariff barriers, quantitative restrictions and subsidies on trade through a series of agreements...
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