Gatt Agreement Wikipedia


In the end, the result was an average tariff reduction of 35%, with the exception of textiles, chemicals, steel and other sensitive products; plus a reduction in tariffs on agri-food products from 15% to 18%. In addition, the negotiations on chemicals resulted in a provisional agreement on the abolition of the US selling price (ASP). This was a method of valuation of certain chemicals used by these countries for the imposition of import duties, which allowed domestic producers to benefit from a much higher level of protection than that indicated in the customs regulations. TRIPS conditions that impose more standards beyond TRIPS were also discussed. [38] These free trade agreements contain conditions that limit the ability of governments to create competition for generic drug manufacturers. In particular, the United States has been criticized for encouraging protection far beyond the standards imposed by TRIPS. U.S. free trade agreements with Australia, Morocco, and Bahrain have extended patentability by requiring patents to be available for new uses of known products. [39] The TRIPS Agreement allows for the issuance of compulsory licences at the discretion of a country. The more ad hoc conditions provided for in the free trade agreements between the United States and Australia, Jordan, Singapore and Vietnam have limited the application of compulsory licenses to emergency situations, antitrust measures and cases of non-commercial public use. [39] The 2002 Doha Declaration confirmed that the TRIPS Agreement should not prevent members from taking the necessary measures to protect public health. Despite this recognition, less developed countries have argued that flexible TRIPS provisions, such as compulsory licensing, are almost impossible to enforce.

Less developed countries, in particular, cited their young domestic manufacturing and technology industries as evidence of the imprecision of the policy. Under GATT, seven rounds of negotiations took place (from 1949 to 1979). The first real GATT trade cycles (1947-1960) focused on further tariff reductions. Then, in the mid-60s, the Kennedy Round gave rise to a GATT anti-dumping agreement and a section on development. .


Hi, I'm Robyn and I was Hatched from a Kinder Surprise Egg. Graphic Designer by day, Maker of things by night. I have worked as a graphic artist professionally since I was 16 years old. Went on to get my Bachelors of Art from NIU. I like to share my Artwork online at and on my own personal website I also have an online shop where you can find more of my "crafty" sorts of things, as well as a random piece of artwork here and there. Oh, and I'm also an occasional contributor to Artomat (