ಟೆಂಪ್ಲೇಟು:GATT and WTO trade rounds

v · t · eGATT and WTO trade rounds[]
Name Start Duration Countries Subjects covered Achievements
Geneva April 1947 7 months 23 Tariffs Signing of GATT, 45,000 tariff concessions affecting $10 billion of trade
Annecy April 1949 5 months 13 Tariffs Countries exchanged some 5,000 tariff concessions
Torquay September 1950 8 months 38 Tariffs Countries exchanged some 8,700 tariff concessions, cutting the 1948 tariff levels by 25%
Geneva II January 1956 5 months 26 Tariffs, admission of Japan $2.5 billion in tariff reductions
Dillon September 1960 11 months 26 Tariffs Tariff concessions worth $4.9 billion of world trade
Kennedy May 1964 37 months 62 Tariffs, Anti-dumping Tariff concessions worth $40 billion of world trade
Tokyo September 1973 74 months 102 Tariffs, non-tariff measures, "framework" agreements Tariff reductions worth more than $300 billion dollars achieved
Uruguay September 1986 87 months 123 Tariffs, non-tariff measures, rules, services, intellectual property, dispute settlement, textiles, agriculture, creation of WTO, etc The round led to the creation of WTO, and extended the range of trade negotiations, leading to major reductions in tariffs (about 40%) and agricultural subsidies, an agreement to allow full access for textiles and clothing from developing countries, and an extension of intellectual property rights.
Doha November 2001 ? 159 Tariffs, non-tariff measures, agriculture, labor standards, environment, competition, investment, transparency, patents etc The round is not yet concluded.

References

  1. a)The GATT years: from Havana to Marrakesh, World Trade Organization
    b)Timeline: World Trade Organization – A chronology of key events, BBC News
    c)Brakman-Garretsen-Marrewijk-Witteloostuijn, Nations and Firms in the Global Economy, Chapter 10: Trade and Capital Restriction