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Law and Institutions of International Trade Class 4. MGT 3860Z Daryl Hanak. GATT – WTO 2000. GATT – WTO 2006. The original agreement confirmed much of the status quo tariffs at the time. Almost immediately, countries entered into “rounds” of negotiations to improve the results
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Law and Institutions of International TradeClass 4 MGT 3860Z Daryl Hanak
GATT – WTO 2000 MGT 3860Z -- Fall 2005
GATT – WTO 2006 • The original agreement confirmed much of the status quo tariffs at the time. Almost immediately, countries entered into “rounds” of negotiations to improve the results • 1948 start was 23 countries, now 148. • Going beyond goods and tariffs, border measures. • Services, Investment • Standards • Domestic Regulation MGT 3860Z -- Fall 2005
Geneva Round 1948 Annecy (France) 1949 Tourqay (England) 1951 Geneva 1956 Dillon 1960-62 (after C Douglas Dillon, US undersecretary of state under President Eisenhower, and Treasury Secretary under President Kennedy) GATT/WTO Rounds MGT 3860Z -- Fall 2005
GATT/WTO Rounds • Kennedy • 1962-1967 • Tokyo • 1973-79 • Uruguay • 1986-1994 • Doha Development Agenda • 2000-? MGT 3860Z -- Fall 2005
Geneva, Lac Leman, WTO Building MGT 3860Z -- Fall 2006