WebWhat does the abbreviation GATT stand for? Meaning: General Agreement on Tariffs and Trade. WebHowever, GATT Article XIII, which states that contracting parties shall “aim at a distribution of trade in such product [subject to import restrictions and tariff rate quotas], approaching as closely as possible the shares which the various contracting parties might be expected to obtain in the absence of such restrictions”, requires 307
GATT - Iowa State University
Web1Since the GATT is technically a treaty, its signatories are referred to as contracting parties. The World Trade Organization, on the other hand, is an organization to which the contracting parties to the GATT became members in 1995. Therefore, in reference to the GATT, countries are referred to as Contracting Parties, while when WebHowever, the losing GATT contracting party could very well on its own initiative provide for a remedy with an ex tunc (i.e., retroactive) effect: For example, in a case where a quantitative restriction was found to be illegal under Art. XI GATT, the contracting party imposing that restriction could in principle revoke the measure in question as ... folding e scooter factories
General Agreement on Tariffs and Trade - Main Page
WebThe CONTRACTING PARTIES reaffirm their adherence to the basic GATT mechanism for the management of disputes based on Articles XXII and XXIII.1 With a view to improving and refining the GATT mechanism, the CONTRACTING PARTIES agree as follows: Notification 2. Contracting parties reaffirm their commitment to existing obligations … WebIn the case of the contracting parties named in Annex G, the date of April 10, 1947, referred to in subparagraph (a) and (b) of this paragraph shall be replaced by the respective dates set forth in that Annex. Article II Schedules of Concessions 1. (a) Each contracting party shall accord to the commerce of the other contracting parties WebContracting parties Only GATT contracting parties could have recourse to the procedures in Articles XXII and XXIII of the GATT 1947, and could therefore be parties to a GATT dispute. Disputes under the Tokyo Round codes could take place only between signatories to … folding esthetician facial table travel