Uruguay Round And Marrakesh Agreement Notes

Although the Marrakesh agreement itself does not apply directly to your business, the WTO agreements offer, in their annexes, a comprehensive set of rules aimed at facilitating competition in the current global market. The full text of all WTO agreements, including those concluded since the wto`s inception, is contained in the TARA database on negotiations and compliance with U.S. Department of Commerce trade agreements. 1. The WTO provides a common institutional framework for the implementation of trade relations between its members in areas under the agreements and legal instruments attached to them. The 1986 Ministerial Declaration highlighted problems such as structural deficiencies, the impact of policies in some countries on the gatt. It was in Punta del Este (Uruguay) in September 1986 that the eighth round of the GATT (known as the Uruguay Round) was launched to address these issues. [5] This was the largest negotiating mandate ever concluded: the discussions aimed to extend the trading system to several new areas, including trade in services and intellectual property, and to reform trade in the sensitive sectors of agriculture and textiles; All of the original GATT articles were examined [2] The cornerstone of multilateral rules on the movement of goods is the 1994 GATT. In order to facilitate the integration of all merchandise trade within the multilateral framework, complementary agreements include agriculture, textiles and clothing, grey zone measures and trade-related investment measures (TRI). Governments are also required to manage a wide range of trade policy measures, in accordance with the prescribed rules, in order to maintain open and safe markets for world trade. The legal framework for trade relations has also been expanded by GATT rounds of negotiations (Table 1). These were originally intended for the reciprocal exchange of tariff concessions between trading partners, the benefits of which were made available to all GATT contracting parties through the application of the MFN principle.