Torquay Round

Last updated
Dillon Round
StatusComplete
Genre Trade Round
Date(s)1951
Location(s) Torquay
Country England, United Kingdom
Previous event Annecy Round
Next event Geneva Round
Participants38 [1]

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]

References

  1. ↑ 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)
  2. ↑ "WTO | Understanding the WTO - The GATT years: from Havana to Marrakesh". www.wto.org. Retrieved 2017-07-06.
  3. ↑ Michael Hudson, Super Imperialism: The Origin and Fundamentals of U.S. World Dominance, 2nd ed. (London and Sterling, VA: Pluto Press, 2003), 258.
  4. ↑ "HISTORY OF GATT ROUNDS". JOC.com. 14 December 1993.
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