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General Agreement on Tariffs and Trade

(GATT)

presented by NITIN KUMAR JAIN VIVEK RAJ GOPALAN

. . .

The Origin
Inspired by the success of IMF, many countries came forward and created ITO(International Trade Organization) Certain discrepancies including relaxation of trade was taken to ITOs notice As a solution a treaty- GATT was signed in 1947 by 23 major trading giants, presently it has 64 members Under GATT, member nations meet regularly to negotiate on quotas, tariffs and other barriers on trade Though it was signed as a treaty, I has become now as a permanent international trade and institution for multilateral expansion of trade

The Goods Council


Agriculture Market access for goods Sanitary and phytosanitary measures Subsidies and countervailing measure Anti-dumping Customs valuation Rules of origin Import licensing Investment Safeguards State trading enterprises Information technology agreement

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