Torquay Round

Short description: 1951 multilateral trade treaty

The Torquay Round was a multi-year multilateral trade negotiation (MTN) between nation-states that were parties to the GATT. This third round occurred in Torquay, England in 1951.^[1] Thirty-eight countries took part in the round. 8,700 tariff concessions were made totalling the remaining amount of tariffs to ¾ of the tariffs which were in effect in 1948. The contemporaneous rejection by the U.S. of the Havana Charter signified the establishment of the GATT as a governing world body.^[2]^[3]

References

↑ "WTO | Understanding the WTO - The GATT years: from Havana to Marrakesh" (in en). https://www.wto.org/english/thewto_e/whatis_e/tif_e/fact4_e.htm.
↑ Michael Hudson, Super Imperialism: The Origin and Fundamentals of U.S. World Dominance, 2nd ed. (London and Sterling, VA: Pluto Press, 2003), 258.
↑ "HISTORY OF GATT ROUNDS". JOC.com. 14 December 1993. https://www.joc.com/history-gatt-rounds_19931214.html.

0.00

(0 votes)

Original source: https://en.wikipedia.org/wiki/Torquay Round. Read more

[1] "WTO | Understanding the WTO - The GATT years: from Havana to Marrakesh" (in en). https://www.wto.org/english/thewto_e/whatis_e/tif_e/fact4_e.htm.

[2] Michael Hudson, Super Imperialism: The Origin and Fundamentals of U.S. World Dominance, 2nd ed. (London and Sterling, VA: Pluto Press, 2003), 258.

[hgr-3] "HISTORY OF GATT ROUNDS". JOC.com. 14 December 1993. https://www.joc.com/history-gatt-rounds_19931214.html.