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Torquay Round

1951 multilateral trade treaty

Summary

1951 multilateral trade treaty

Field	Value
name	Dillon Round
status	Complete
genre	Trade Round
date	1951
location	Torquay
country	England, United Kingdom
prev	Annecy Round
next	Geneva Round
participants	38

The Torquay Round was a multi-year multilateral trade negotiation (MTN) between nation-states that were parties to the GATT. This third round occurred in Torquay, England in 1951. Thirty-eight countries took part in the round. 8,700 tariff concessions were made totalling the remaining amount of tariffs to ¾ of the tariffs which were in effect in 1948. The contemporaneous rejection by the U.S. of the Havana Charter signified the establishment of the GATT as a governing world body.

References

(2020). "International Economics, 8e". Pearson Education, Inc..
"WTO {{!}} Understanding the WTO - The GATT years: from Havana to Marrakesh".
Michael Hudson, ''Super Imperialism: The Origin and Fundamentals of U.S. World Dominance'', 2nd ed. (London and Sterling, VA: Pluto Press, 2003), 258.
(14 December 1993). "HISTORY OF GATT ROUNDS". JOC.com.

Wikipedia Source

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world-trade-organization general-agreement-on-tariffs-and-trade commercial-treaties treaties-concluded-in-1951

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