Torquay Round
The Torquay Round was a multi-year multilateral trade negotiation (MTN) between nation-states that were parties to the GATT. This third round occurred in Torquay, England in 1951.[1] Thirty-eight countries took part in the round. 8,700 tariff concessions were made totalling the remaining amount of tariffs to ¾ of the tariffs which were in effect in 1948. The contemporaneous rejection by the U.S. of the Havana Charter signified the establishment of the GATT as a governing world body.[2][3]
References
- ^ "WTO | Understanding the WTO - The GATT years: from Havana to Marrakesh". www.wto.org. Retrieved 2017-07-06.
- ^ Michael Hudson, Super Imperialism: The Origin and Fundamentals of U.S. World Dominance, 2nd ed. (London and Sterling, VA: Pluto Press, 2003), 258.
- ^ "HISTORY OF GATT ROUNDS". JOC.com. 14 December 1993.