Torquay Round
| 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] |
TheTorquay Roundwas a multi-yearmultilateral trade negotiation(MTN) between nation-states that were parties to theGATT.This third round occurred inTorquay,Englandin 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 theHavana Chartersignified the establishment of the GATT as a governing world body.[3][4]
References
[edit]- ^Gerber, James (2020).International Economics, 8e(Eighth ed.). 221 River Street, Hoboken, NJ 07030: Pearson Education, Inc. p. 23.ISBN9780136892410.Retrieved4 February2024.
{{cite book}}:CS1 maint: location (link) - ^"WTO | Understanding the WTO - The GATT years: from Havana to Marrakesh".wto.org.Retrieved2017-07-06.
- ^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. 14 December 1993.