General Agreement on Tariffs and Trade 1994 Full Text

The General Agreement on Tariffs and Trade (GATT) 1994 is a landmark agreement that revolutionized international trade. It was adopted by member countries of the World Trade Organization (WTO) in 1994, replacing the original GATT agreement signed in 1947. The full text of the agreement is available online, and it is essential reading for anyone interested in international trade and its regulations.

The GATT 1994 is a comprehensive agreement that covers a wide range of issues related to international trade. It aims to promote free trade by eliminating trade barriers, reducing tariffs, and standardizing trade regulations among member countries. The agreement includes provisions for non-discrimination, transparency, and dispute resolution mechanisms, which ensure that member countries are treated equally and that trade disputes are resolved effectively.

The full text of the GATT 1994 is structured in several parts. The first part includes the preamble and general principles of the agreement, which set out the objectives and scope of the agreement. The second part covers trade in goods and includes provisions for the elimination of tariffs and the reduction of non-tariff barriers. The third part covers trade in services and includes provisions for liberalizing trade in services and opening up markets for service providers.

The fourth part of the agreement covers intellectual property rights and includes provisions for protecting copyright, trademarks, and patents. The fifth part covers dispute settlement and provides a mechanism for resolving trade disputes among member countries. The final part of the agreement covers institutional provisions and includes provisions for the administration of the agreement and the establishment of the WTO.

Overall, the GATT 1994 is a crucial agreement that has helped to open up markets and promote trade among member countries. It has been instrumental in reducing trade barriers and increasing international trade, which has contributed to economic growth and development worldwide. As such, it is an essential document for anyone interested in international trade and its regulations. The full text of the agreement is available online, and anyone interested in the subject should read it thoroughly.