BNET Business Dictionary
Business Definition for: GATT
- General Agreement on Tariffs and Trade: a treaty signed in Geneva in 1947 that aimed to foster multilateral trade and settle trading disputes between adherent countries. Initially signed by 23 nations, it started to reduce trade tariffs and, as it was accepted by more and more countries, tackled other barriers to trade. It was replaced on January 1, 1995 by the World Trade Organization.
Wiktionary Definition for: GATT
- General Agreement on Tariffs and Trade (Superseded by the World Trade Organisation (WTO)
Additional Resources
- Welfare Implications of Regionalism in the GATT
- This paper investigates the welfare implications of an existence of a free trade agreement FTA and a customs union CU within the GATT. Two types of GATT regimes are considered in a completely symmetric world: a pure GATT regime, and a modified GATT regime. The main results are for a...
- White papers 2001-11-01
- Welfare Implications of Regionalism in the GATT: The Presence of Foreign Ownership
- This paper examines the welfare implications of an existence of free trade agreements FTAs and customs unions CUs in the GATT system, in the presence of cross-foreign ownership among countries. In particular, two GATT regimes are analyzed: a pure GATT regime without any regional free trade agreements, and modified GATT...
- White papers 2001-11-01
- Lobby lame ducks to pass GATT. (General Agreement on Tariffs and Trade) (Editorial)
- The insurance industry should lobby congressional lame ducks to win passage of the General Agreement on Tariffs and Trade GATT before the new Congress takes power. GATT opponents are pushing to delay GATT deliberation until 1995, which would cause GATT to lose its fast-track status and make it much less...
- Research articles 1994-11-28
- GATT-Think
- This paper describes recent work on the theory of trade agreements that speaks to the purpose and design of GATT. The discussion proceeds in three steps. First, it examines the purpose of a trade agreement. Second, it considers the origin and design of GATT. It is noted that GATT is...
- White papers 2000-11-01
- Son of GATT: the new World Trade Organisation needs the right priorities and the right boss. (General Agreement on Tariffs and Trade) (Editorial) (Editorial)
- The end of the Uruguay round of the GATT talks led to the creation of the World Trade Organization WTO. The WTO will begin meeting in Jan 1995, and should resolve issues left open after the GATT sessions ended, including the implementation of basic prinThe end of the Uruguay round...
- Research articles 1994-08-06
- White House short on GATT votes. (General Agreement on Tariffs and Trade)
- The Senate plans to vote on the General Agreement on Tariffs and Trade GATT Uruguay Round on Dec 1, 1994, but White House Chief of Staff Leon Panetta says that that GATT is three to five votes short of passing. Senate Minority Leader Robert Dole has resThe Senate plans to...
- Research articles 1994-11-28
- GATT Talks Could Have Major Impact on Washington State Exporters. (Originated from The Seattle Times)
- Dec. 9--For those weary of APEC, NAFTA and other trade-related acronyms, trying to follow the GATT talks this past week in Geneva and Brussels may seem like an impulse best drowned in a glass of Christmas cheer. Do what you have to do, but GATT matters....
- Research articles 1993-12-09
- Democracy, Consultation, And The Paneling Of Disputes Under GATT
- States have long sought to have their conflicts adjudicated by institutions. Often dismissed as a quasi-judicial system held together by countless loopholes, General Agreement on Tariffs and Trade GATT dispute settlement has nonetheless enjoyed marked success. Indeed, against all expectations, this institution has not only resolved an impressive number and...
- White papers 2003-01-01
- Aggressive Multilateralism: The Determinants Of GATT/WTO Dispute Initiation, 1948-1998
- Why do states initiate trade disputes under the General Agreement on Tariffs and Trade GATT or its successor, the World Trade Organization WTO? Existing studies suggest that democracies should either experience and litigate fewer trade conflicts or at least resolve them more cooperatively. Other works contend that improvements in the...
- White papers 2000-02-16
- Trade Policy Under the GATT/WTO: Empirical Evidence of the Equal Treatment Rule
- A fundamental difference between multilateral trade agreements like the GATT and WTO and preferential trade agreements is the multilateral agreements' inclusion of a most-favored-nation MFN principle. Though this principle requires that members implement policies that provide equal treatment to all GATT/WTO countries, an open question is the extent to which...
- White papers 2003-06-01
- Antidumping Against the Backdrop of Disputes in the GATT/WTO System
- This paper examines how the rules, institutions and procedures of dispute settlement under the GATT/WTO system can affect the decisions made under a nation's antidumping provisions. That is, it is consider a national government's antidumping duty ADD decision in a framework which explicitly models the consequence of misusing antidumping provisions...
- White papers 2002-06-01
- The Economics of Trade Disputes, the GATT's Article XXIII, and the WTO's Dispute Settlement Understanding
- Economic theory has yet to provide a convincing argument that can explain why the threat of retaliation under the GATT/WTO dispute settlement procedures is not sufficient to prevent countries from violating the agreement. This paper considers the question of why countries violate the agreed-upon rules in the face of explicit...
- White papers 2002-01-01
- Trade Disputes and the Implementation of Protection Under the GATT: An Empirical Assessment
- This paper is a first attempt to empirically determine why countries choose to violate or adhere to GATT rules when making trade policy adjustments between negotiating rounds. One uses a previously unexploited set of data in which countries implemented two 'Types' of protection under the GATT system between 1973-1994: 'Legal'...
- White papers 2002-06-01
- Ingersoll-Rand supports passage of GATT; Company joins Treasury Secretary Bentsen at meeting of GATT supporters
- WOODCLIFF LAKE, N.J.--BUSINESS WIRE--Nov. 16, 1994--To demonstrate business community support for the passage of the General Agreement on Tariffs and Trade GATT, representatives of Ingersoll-Rand Company today joined other GATT industry supporters in a meeting with Treasury Secretary Lloyd Bentsen at the Liberty Science Center in Jersey City, N.J.
- Research articles 1994-11-16
- New moves at GATT. (mediation of Multi-Fiber Arrangement; General Agreement on Tariffs and Trade)
- NEW MOVES AT GATT WASHINGTON FNS -- American, Canadian and European textile and apparel industries Tuesday submitted their own proposal to phase out the Multi-Fiber Arrangement, calling for a 15-year transition period to bring world textile and apparel trade under the free-market regulations of...
- Research articles 1990-11-14
- US warns GATT to start talks before Congress gets tough.
- US Warns GATT to Start Talks Before Congress Gets Tough The U.S. warned the GATT council this week that "there is every chance' of Congress' approving sharp limits on textile and apparel imports unless preparations begin for new global trade talks. ...
- Research articles 1985-07-19
- House Oks GATT pack, 288-146. (House of Representatives; General Agreement on Tariffs and Trade)
- The House of Representatives approved the General Agreement on Tariffs and Trade GATT Uruguay Round by a vote of 288 to 146 on Nov 29, 1994. The Senate will vote on the measure on Dec 1, where the outcome is less certain, but the Clinton administration is predicting a victory....
- Research articles 1994-11-30
- Clinton, business leaders ready lame-duck session GATT push; efforts center on Sen. Dole. (General Agreement on Tariffs and Trade)
- President Clinton and business leaders plan to win support from the 104th Congress' Senate Majority Leader Robert Dole to help them secure congressional approval of the GATT Uruguay Round implementing bill. Dole, who takes over as the Senate Majority Leader when Congress convenes in Jan 1995, has not expressed his...
- Research articles 1994-11-16
- NRF gives GATT its support. (National Retail Federation, General Agreement on Tariffs and Trade)
- The National Retail Federation is urging Senate passage of the General Agreement on Tariffs and Trade GATT, after withholding support for the agreement in Sep 1994. The association decided that though it continues to disagree with an included rule-of-origin amendment applied to textile and apparel merchandise, it would support GATT...
- Research articles 1994-11-29
- GATT isn't on the Nov. 8 ballot but it will play a major role. (General Agreement on Tariffs and Trade, in Senate and Congressional elections)
- Senators and Congressional members will face pressure from both sides of the fence on where they stand on the Uruguay Round of the General Agreement on Tariffs and Trade GATT during their visits home for the Nov 1994 elections. Citizens Trade Campaign, a group opposed to GATT and assisted by...
- Research articles 1994-10-07
Neighboring Terms
