Torquay Round

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

1. ↑ 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.
2. ↑ "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.
3. ↑ Michael Hudson, Super Imperialism: The Origin and Fundamentals of U.S. World Dominance, 2nd ed. (London and Sterling, VA: Pluto Press, 2003), 258.
4. ↑ "HISTORY OF GATT ROUNDS". JOC.com. 14 December 1993. https://www.joc.com/history-gatt-rounds_19931214.html.

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