Chapter

From GATT 1947 to GATT 1994

Petros C. Mavroidis

in Trade in Goods

Published in print July 2008 | ISBN: 9780199552139
Published online January 2009 | e-ISBN: 9780191716591 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199552139.003.0001
 From GATT 1947 to GATT 1994

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This chapter discusses the General Agreement on Tariffs and Trade (GATT). It begins with a brief account of the origins of the GATT. It then asks the question of why was the GATT needed in the first place. GATT preparatory work and economic theory are reviewed to address this question. The chapter also discusses the GATT discipline which could be summarized as follows: since any policy might affect trade, the GATT binds both trade and domestic instruments, albeit at varying degrees.

Keywords: General Agreement on Tariffs and Trade; economic theory; international trade; World Trade Organization

Chapter.  20168 words. 

Subjects: Public International Law

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