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Tokyo Round

1980 GATT treaty

Summary

1980 GATT treaty

FieldValue
nameTokyo Round
statusComplete
genreTrade Round
beginsSeptember 12, 1973
endsApril, 1979
locationTokyo
countryJapan
prevKennedy Round
nextUruguay Round
participants102

The Tokyo Round was a multi-year multilateral trade negotiation (MTN) between the 102 states which were parties to the General Agreement on Tariffs and Trade (GATT). The negotiations resulted in reduced tariffs and established new regulations aimed at controlling the proliferation of non-tariff barriers (NTBs) and voluntary export restrictions. The aim was further to harmonise government policies. Concessions were made on $19 billion worth of trade, and were scheduled to enter effect over eight years from 1980. The Tokyo Round concluded in April 1979.

The Tokyo Round was held to be "the most comprehensive of all the seven rounds of negotiations held within the GATT since its founding in 1948". One novelty was that it covered bovine meat and dairy products. The agricultural sector was a focus. Developing countries were given more say in this round than had been the case in past MTNs.

References

References

  1. (2020). "International Economics, 8e". Pearson Education, Inc..
  2. (1983). "Economic Effects of the Tokyo Round". Southern Economic Journal.
  3. (1982). "International Economics Policies and their Theoretical Foundations".
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