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14. Oktober 2021

Wat Is General Agreement

Filed under: Allgemein — @ 03:29

The Uruguay Round Agreement on Agriculture remains the most important agreement on agricultural trade liberalization in the history of trade negotiations. The objective of the agreement was to improve market access for agricultural products, reduce domestic support to agriculture in the form of price-distorting subsidies and quotas, eliminate export subsidies for agricultural products over time and harmonise sanitary and phytosanitary measures between Member States as much as possible. The General Agreement on Tariffs and Trade (GATT) was the first multilateral free trade agreement. It first entered into force in 1948 as an agreement between 23 countries and remained in force until 1995, when its membership increased to 128 countries. It has been replaced by the World Trade Organization. The WTO General Council met on 4. May 2010 agreed to set up a working group to examine Syria`s application for WTO membership. [22] [23] On 31 December 1995, the Contracting Parties establishing the WTO terminated the formal agreement on the terms of the GATT 1947. Montenegro became a member in 2012, while Serbia is in the decision-making phase of the negotiations and is expected to become a member of the WTO in the future. Governments relinquish some degree of control over an international agreement The summit almost led to a third organization. It would become the very ambitious International Trade Organization (ITU). The 50 countries that started negotiations wanted it to be an agency within the United Nations that creates rules, not only for trade, but also for employment, commodity agreements, trade practices, foreign direct investment and services.

The ITU Charter was adopted in March 1948, but the U.S. Congress and lawmakers in some other countries refused to ratify it. .

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