What Is The Purpose Of General Agreement

The Uruguay Round Agreement on Agriculture remains the most important agreement on agricultural trade liberalization in the history of trade negotiations. The objective of the agreement was to improve market access for agricultural products, reduce domestic support to agriculture in the form of price-distorting subsidies and quotas, eliminate export subsidies for agricultural products over time and harmonise sanitary and phytosanitary measures between Member States as much as possible. The objective of GATT was to eliminate harmful trade protectionism. This saw global trade fall by 65% during the Great Depression. Gatt restored the world`s economic health after the devastation of the Depression and World War II. The horrors and destruction caused by the Second World War were enormous and had very negative effects on the international economy, and the international community found itself responsible for the reform of the world economy, GATT was the way in which the international community increased international trade by removing trade barriers, in particular customs duties. GATT is necessary to raise living standards, achieve full employment, increase real income by creating opportunities for international trade, in addition to the efficient use of resources and support for developing countries. Exceptions are possible in the form of so-called exceptions within the meaning of Article II. Members were allowed to request such exemptions before the entry into force of the agreement.

New waivers may be granted to new Members only at the time of accession or, in the case of existing Members, by way of a waiver under Article IX(3) of the WTO Agreement. All exceptions are subject to review; in principle, they should not last more than 10 years. In addition, the GATS allows groups of members to conclude economic integration agreements or mutually recognize regulatory standards, quotas, etc., if certain conditions are met. The international trade rules of the General Agreement on Tariffs and Trade (GATT) to protect human, animal or plant health were so vague that many countries used „sanitary requirements” as barriers to trade. Amendments to GATT rules introduced in the uruguay Round of multilateral trade negotiations in 1994, which include food and agricultural products in international trade rules, have addressed these concerns. This led to the adoption of the Agreement on the Application of SPS Measures (Laws, Regulations and Procedures) and an updated Agreement on Technical Barriers to Trade (TBT), which offered the opportunity to ensure fair and efficient international trade based on considerations of equity and equitable access to global food markets. .