Finance:Torquay Round
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Short description: 1951 multilateral trade treaty
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" (in en). https://www.wto.org/english/thewto_e/whatis_e/tif_e/fact4_e.htm.
- ↑ 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. https://www.joc.com/history-gatt-rounds_19931214.html.
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