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]
| Dillon Round | |
|---|---|
| Status | Complete |
| Genre | Trade Round |
| Date(s) | 1951 |
| Location(s) | Torque |
| Country | England, United Kingdom |
| Previous event | Annecy Round |
| Next event | Geneva Round |
| Participants | 38 [1] |
References
edit- ^ Gerber, James (2020). International Economics, 8e (Eighth ed.). 221 River Street, Hoboken, NJ 07030: Pearson Education, Inc. p. 23. ISBN 9780136892410. Retrieved 4 February 2024.
{{cite book}}: CS1 maint: location (link) - ^ "WTO | Understanding the WTO - The GATT years: from Havana to Marrakesh". www.wto.org. Retrieved 2017-07-06.
- ^ 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.