Download e-book for iPad: The Uruguay Round: widening and deepening the world trading by Will Martin
By Will Martin
It is a synopsis of the papers, suggestions, and dialogue from the area Bank's sec convention at the Uruguay around and the constructing economies held January 1995.
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Additional info for The Uruguay Round: widening and deepening the world trading system
Page 26 Legalized Backsliding The GATT includes several mechanisms through which a country can suspend the market access it has previously granted, including safeguards, antidumping actions, and countervailing duties. Safeguardsnot so Safe Before the Round, GATT safeguards could be applied only on a mostfavored-nation basis (that is, to all countries, not one or some) and were subject to such conditions as a requirement to notify the GATT Secretariat and to consult with principal suppliers. When safeguards were introduced, the principal suppliers had a right to retaliate if they felt they had not been adequately compensated.
The GATS includes other provisions to facilitate trade in services, although some of these apply only to the sectors specifically listed in the agreement. The agreement aims to provide greater transparency by requiring all members to establish inquiry points for information on laws, regulations, and administrative practices. It also requires that members establish disciplines to ensure that qualification requirements, technical standards, and licensing procedures are based on objective and transparent criteria, and do not constitute a restriction on supply.
It also requires that members establish disciplines to ensure that qualification requirements, technical standards, and licensing procedures are based on objective and transparent criteria, and do not constitute a restriction on supply. Procedures for recognition of licenses, education, and experience granted by a particular member must be transparent and reasonable. Members are also required to refrain from applying restrictions on international payments relating to their specific commitments.
The Uruguay Round: widening and deepening the world trading system by Will Martin