GATT was first discussed at the UN Conference on Trade and Employment and was the result of the failure of negotiating governments in the creation of the International Trade Organisation (ITO). Signed on 30 October 1947 in Geneva by 23 nations, it entered into force on 1 January 1948. It remained in force until the signing by 123 nations on 14 April 1994 of the Uruguay Round agreements, which established the World Trade Organization (WTO) on 14 April 1994. The WTO succeeds the GATT and the original text of the GATT (GATT 1947) remains in force within the framework of the WTO, subject to the amendments to the GATT 1994. [1] [2] Countries that were not parties to GATT in 1995 must meet the minimum requirements set out in certain documents before they are in a position to accede to it. as of September 2019, the list included 36 nations. [3] Although the names of framework agreements may vary, z.B. The Trade and Investment Framework Agreements (TTIFA) provide a strategic framework and principles for dialogue on trade and investment issues between the United States and other TIFA parties. A Trade and Investment Framework Agreement (TIFA) is a trade pact that creates a framework for the expansion of trade and the settlement of open disputes between countries. Trade relations between the United States and Uruguay have developed considerably in recent years. In 2002, Uruguay and the United States established a Joint Trade and Investment Commission (JIT) to exchange ideas on a wide range of economic issues.

The Commission served as an important mechanism for both countries to improve and expand their trade relations and facilitated the successful negotiations on the bilateral investment treaty between the United States and Uruguay (ILO), which was adopted on the 1st.

Posted Tuesday, October 12th, 2021 at 2:06 am
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