It further highlights the process of formation of the GATT- the predecessor organisation to the WTO. This paper will study the formation of GATT 1947 and WTO in a brief manner analyzing the legal issues involved. GATT took the place of what was supposed to be the third Bretton Woods institution (along with the IMF and World Bank). Noté /5.

The WTO has its origins in the General Agreement on Tariffs and Trade (GATT), a treaty signed by the United States and 22 other countries in 1948 that was intended to promote trade by eliminating tariffs. The WTO and GATT: A Principled History 1 10 01-0323-5 ch1.qxd 9/17/09 9:58 AM Page 10. Bibliografia. The WTO officially came into being in 1994, the successor to GATT—the General Agreement on Tariffs and Trade, itself agreed to in 1947. (WTO). It will further elaborate why the concept of ITO was not materialized and hence GATT has to function for almost half a century to meet the practical necessities for carrying on the Agreement without having a proper organizational setup. The result was the World Trade Organization, (WTO), which was established during the Uruguay Round (1986-1993) of GATT negotiations and which subsumed GATT. The World Trade Organization (WTO) came into being in 1995.1 One of the youngest of the international organizations, the WTO is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War.2 The establishment of the WTO …

The Difference Between the GATT and the WTO: The GATT “ the General Agreement on Tariffs and Trade” has been established after the Second World War in 1947 and entered into force in 1948 , it has come as a result of the decision of great states to set up the foundations for a new world order. In the next section, I provide a brief introduction to the original GATT that 35. GATT 1994 is one of the agreements attached to the WTO Agreement and its rules can be enforced under DSU procedures. The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of international trade between nations. The WTO agreement annexed in itself GATT 1994 which also includes GATT 1947 as well as GATS, intellectual property rights, trade review mechanism and plurilateral trade agreements. FROM GATT TO THE WORLD TRADE ORGANIZATION GW/ll 21 December 1994 THE WTO A NEW ORGANIZATION FOR A NEW ERA "The WTO binds nations in a global cooperative endeavour to raise incomes and create good jobs through fair and open trade" - Peter Sutherland, Director-General of GATT. See decision of the CONTRACTING PARTIES, adopted 8 December 1994, GATT Doc. This module highlights the background of the Bretton woods conference, its aims and objectives in the aftermath of the second world-war. GATT. Treatment; General Agreement on Tariffs and Trade (GATT); World Trade Organization (WTO); Multi-Fiber Agreement (MFA); Basic Instruments and Selected Documents (BISD); International Trade Organization (ITO) Introduction The World Trade Organization (WTO) came into being in 1995.1 One of the youngest of the international organizations, the WTO is the successor to the General Agreement …



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