The GATT development and its basic principles Sample Clauses

The GATT development and its basic principles. The current WTO agreements are a product of the obligations that countries voluntarily negotiated with each other. The United States of America's tariff law, known as Xxxxx-Xxxxxx, made some people believe that it deepened the Great Depression. After the war ended, it concluded an international multilateral agreement known as the GATT, which entered into force in January 1948, was based primarily on the liberalization of international trade from all customs and non-tariff barriers to the free movement of goods across borders in order to achieve A competitive trading environment that ensures an optimal allocation of economic resources to achieve the economic well- being of the parties to international trade (Jubouri, 2006, p. 173). International trade movements and the promotion of international capital movements and the associated increase in global investment is the primary objective of this agreement (Al-Hajji, 2001, p. 31), but to achieve these goals requires a legal and functional framework through which the agreements concluded can be enforced, while This is one of the most important reasons that led to its inability to carry out its planned tasks (Xxxxx Xxxxx, 2008, p. 28) .Therefore, the GATS agreement is found to have a sound legal basis as a result of the WTO. Approved in the legislative councils of the member states, giving them a solid legal basis , It also includes invisible activities had to find appropriate legislation in the various sectors of services (Xxxxxxxxx, 1999, P80). As international trade in services continues to increase, the need for internationally recognized rules is becoming more urgent, especially as the traditional framework for public services has proved increasingly inadequate for the operation of some of the most dynamic and innovative sectors of the economy, thereby fostering the combination of technological and regulatory innovations on the tradeability of services. In addition to changing consumer preferences and thus creating a need for multilateral disciplines (WTO E-Learning, 2014, P75), this agreement has been built with two main pillars, each with a set of commitments:
AutoNDA by SimpleDocs

Related to The GATT development and its basic principles

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • Statement of Basic Principles A. Every employee covered by this Agreement shall have the right to present grievances in accordance with these procedures, with or without representation. Nothing contained in this Article or elsewhere in this Agreement shall be construed to prevent any individual teacher from discussing a problem with the Administration and having it adjusted without intervention or representation of organization representatives, provided that the Union has been given the opportunity to be present at such adjustment.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!