Which Of The Following Is A Provision Of The Uruguay Round Agreement

» Posted by on Apr 15, 2021 in Uncategorized | 0 comments


Nevertheless, it took ministers another four years to agree to launch the new round. They did so in September 1986 in Punta del Este, Uruguay. They eventually agreed to a negotiating agenda that covered virtually all outstanding trade policy issues. Discussions are expected to extend the trading system to several new areas, including trade in services and intellectual property, and to reform trade in sensitive agricultural and textile sectors. All original GATT articles were reviewed. It was the largest negotiating mandate ever agreed, and ministers gave themselves four years to conclude it. The agreement sets deadlines for all protection measures. In general, the duration of a measure should not exceed four years, although it may be extended to a maximum of eight years, subject to the assertion of the continuing need by the competent national authorities and if there is evidence that the sector is adapting. Any measure imposed for a period of more than one year should be progressively liberalized throughout its lifespan. No protective measures could be re-applied to a product for which such a measure had been imposed for a period equal to the duration of the previous measure, with a non-application period of at least two years.

A protection measure of 180 days or less may be re-applied to the importation of a product if, since the date of the measure on that product, it has been at least one year and such a measure would not have been applied more than twice to the same product in the five-year period immediately preceding the date of the measure`s introduction. The agreements reached for the two main sectors of the WTO, goods and services, share a threefold reason: in this section, we examine the political implications of the agreement and the extent to which they can support regional development. We will build on the policy options outlined in Chapter 5, but also on some of the trends highlighted in Chapter 4. If we highlight the political response to atRs, we show that the trend in the future will be to create a favourable business and domestic environment through the agreement. Provisions for the balance of payments. the agreement for contracting parties applying balance-of-payments objectives to do so in the least disruptive way of trade and prefer price-based measures, such as import premiums and import deposits, instead of quantitative restrictions.