General Agreement On Tariffs And Trade Turkcesi

Without prejudice to WTO provisions, the Turkey-EU Customs Union is an important legal basis for Turkish Free Trade Agreements (FTA). Within the framework of the Customs Union, Turkey is orienting its trade policy towards the EU`s common commercial policy. This alignment concerns both autonomous regimes and preferential agreements with third countries. The General Agreement on Tariffs and Trade (GATT) was born from a meeting of 22 nations that met in Geneva, Switzerland, in 1947. In 2000, there were 142 Member States and another 30 countries were seeking to join. Each country`s detailed commitments to limit tariffs on certain items around the amount negotiated and fixed in its tariff tariff are at the heart of the GATT system of international commitments. The Uruguay Round began in 1986. This was the most ambitious round to date, starting in 1986, in which GATT competences were to be extended to important new areas such as services, capital, intellectual property, textiles and agriculture. 123 countries participated in the round. The Uruguay Round was also the first round of multilateral trade negotiations in which developing countries played an active role. [16] The General Agreement on Tariffs and Trade (GATT) is a legally valid agreement between many countries, the general objective of which was to promote international trade by reducing or eliminating barriers to trade such as tariffs or quotas. According to its preamble, its objective was “to substantially reduce tariffs and other barriers to trade and to eliminate reciprocal and mutually beneficial preferences”. In today`s world, countries tend to participate in bilateral and regional free trade agreements, given that the World Trade Organization (WTO) has achieved a high degree of liberalization, WTO rules are not sufficient under current conditions, and the multilateral trading system is ineffective in allowing better market access.

As a result of this trend, there are about 400 free trade agreements that are notified to the WTO. The prosperity of the world economy over the past half century is due in large part to the growth of world trade, which is partly the result of far-sighted officials who launched gatt. They defined a number of procedures that would bring stability to the trading environment, thus facilitating the rapid growth of world trade. In the long term, the initial GATT conferences helped lay a solid foundation for the global economy, improving the livelihoods of hundreds of millions of people around the world. In the end, the result was an average tariff reduction of 35%, with the exception of textiles, chemicals, steel and other sensitive products; plus a reduction in tariffs on agri-food products from 15% to 18%. In addition, the negotiations on chemicals resulted in a provisional agreement on the abolition of the US selling price (ASP). . . .