GENERAL AGREEMENT ON TARIFF AND TRADE - Principles * Non-Discrimination * Prohibition of Quantitative Restrictions * Consultation * Dispute Settlement

2.  INTRODUCTION
 MEANING
 OBJECTIVE
 FUNCTION
 CONCLUSION
 BIBLIOGRAPHY

3.  General Agreement on Tariffs and
Trade (GATT) was a multiateral
agreement regulating international
trade.
 It was created in 1948 with the aim
of bolstering international trade by
reducing trade by reducing trade
barriers between countries through
negotiations.
 GATT was signed by 23 nations
in Geneva on oct 30,1947 and took
effect on jan 1,1948

4. The General Agreement of Tariffs
and Trade (GATT) covers international
trade in goods. The workings of the GATT
agreement are the responsibility of the
council for trade in goods (goods council)
which is made up of representatives from
all WTO member countries.

5. According to the preamble of GATT main
objective was the ‘Reduction of Barriers to
International Trade’
TRADE BARRIERS
Tariff Non tariff
change in monetary Quality and quantity of
value product and services

6.  Raising standard of living in the member
countries.
 Developing full use of the resources of the
world.
 Better utilization of resource of the world.
 Reduce foreing export subsides, tariff and
non-tariff barrier and internal supports.

7. * Non-Discrimination
* Prohibition of Quantitative Restrictions
* Consultation
* Dispute Settlement

8.  tariff and non-tariff measures.
 safeguards
 complaints and waivers.
 settlement of disputes

9. * It benefited both LDC and developing
nations
* Helped in free trade by lowering of
competition.
* Exceptions provided were reasonable in
nature.
* GATT was not entirely pro developing
countries.

10. WWW.GATT.ORG
WWW.CIESIN.ORG