Torquay Round
Topic: Finance
From HandWiki - Reading time: 1 min
| Dillon Round | |
|---|---|
| Status | Complete |
| Genre | Trade Round |
| Date(s) | 1951 |
| Location(s) | Torquay |
| Country | England, United Kingdom |
| Previous event | Annecy Round |
| Next event | Geneva Round |
| Participants | 38 [1] |
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.[2] 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.[3][4]
References
- ↑ Gerber, James (2020). International Economics, 8e (Eighth ed.). 221 River Street, Hoboken, NJ 07030: Pearson Education, Inc.. p. 23. ISBN 9780136892410. https://plus.pearson.com/courses/7760775/products/460XBXVEVSZ/pages/a5e1959a2deb4463de59a223749df8d1d889ee91a?locale=&key=13292186923144254142024&iesCode=Xf2E24A2zH. Retrieved 4 February 2024.
- ↑ "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.
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