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单词 General Agreement on Tariffs and Trade
释义
General Agreement on Tariffs and Trade

Economics
  • An agency of the United Nations, based in Geneva, founded in 1948 to promote international trade. By 1995 it had over 100 members, including most leading trading countries. GATT successfully concluded several rounds of multilateral negotiations to reduce world tariffs, but was unable to prevent the spread of non-tariff barriers to trade such as voluntary export restraints. The latest round of GATT negotiations, the Uruguay Round, finished in 1994. This included measures affecting trade in agricultural products and services, and intellectual property rights, all of which had been omitted from earlier rounds. It also led to the replacement of GATT by the World Trade Organization.


World History
  • An international trade agreement. Established by the United Nations Organization in 1948, and with a secretariat in Geneva, Switzerland, it had 125 member countries. The aim of its members (who together accounted for some 90% of all world trade) was to promote international trade by removing obstacles and trade barriers, to lay down maximum tariff rates, and to provide a forum for the discussion of trading policies. By the 1980s there were demands for modification of the GATT agreements. In 1986 the ‘Uruguay Round’ of talks (so called because they were held in the Uruguayan capital, Montevideo) undertook to resolve outstanding agricultural issues. The discussions, frequently deadlocked, continued into 1993 seeking a compromise agreement on farm subsidies, prior to talks in Geneva in 1994 for global trade deals. In April 1994 the Final Act of the Uruguay round was formally signed, concluding negotiations for broad cuts in tariffs and export subsidies and for the creation of the World Trade Organization (WTO), which replaced GATT in 1996.


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