Gatt Agreement 1994 Full Text

Recognising the contribution to the expansion of world trade, which can be made by closer integration between the economies of the parties to these agreements, Articles XXII and XXIII of the 1994 GATT, as drafted and applied in the Dispute Settlement Agreement, can be invoked for any issue raised by the application of The provisions of Article XXIV concerning unions, free trade zones or interim agreements leading to the establishment of a customs union or free trade area. The 1994 GATT decision on the date of each concession under Article II, paragraph 1, under b) applies to the applicable date of 26 March 1980 (BISD 27S/24). Consultations may be carried out within the simplified procedures approved on 19 December 1972 (BISD 20S/47-49, known as “simplified consultation procedures” in this agreement) for members of least developed countries or for developing countries that are making liberalisation efforts in accordance with the timetable presented to the Committee in previous consultations. Simplified consultation procedures may also be applied when a review of a member`s trade policy in a developing country is scheduled for the same calendar year as the date set for consultations. In these cases, the decision to apply full consultation procedures is made on the basis of the factors mentioned in item 8 of the 1979 declaration. Except for members of the least developed countries, there can be no more than two successive consultations in simplified consultation procedures. These schedules include commitments made by the various WTO members, which allow certain foreign products or suppliers to access their markets. Calendars are an integral part of the agreements. In the printed version, these calendars cover approximately 30,000 pages for all WTO members. in view of Article XXIV of the 1994 GATT, the GATT was discussed for the first time at the United Nations Conference on Trade and Employment and was the result of the failure of negotiations on the creation of the International Trade Organization (ITO).

On 1 October 1947, signed in Geneva, it came into force on 1 January 1948. It remained in force until the signing of the Uruguay Round agreements, which established the World Trade Organization (WTO) on 1 January 1995, until the signing on 15 April 1994 in Marrakech of the Uruguay Round Agreements that established the World Trade Organization (WTO). The WTO succeeds the GATT and the original GATT text (GATT 1947) is still in force under the WTO, subject to amendments to the GATT in 1994. [1] [2] Nations that were not parties to the GATT in 1995 must meet the minimum conditions set out in certain documents before joining; September 2019, the list included 36 nations. [3] The 1994 GATT text is authentic in English, French and Spanish.