Single undertaking definition

Single undertaking here means that each member was expected to take on all obligations, that the codes approach of the Tokyo Round, in which each member could opt to sign some codes and not sign others, was not available. John Croome, who served in the GATT/WTO Secretariat throughout the Tokyo and Uruguay Rounds, has pointed out in correspondence that “single undertaking” initially referred to the members voting on all parts of the agreement as a whole, i.e., that the outcome of the tariff negotiations would not be put up for approval separately from the outcome of the subsidies negotiations. As the negotiations progressed, the meaning of “single undertaking” expanded to include the “no country can opt out of any part” meaning.

Single undertaking means, for the purposes of this Regulation, all enterprises having at least one of the following relationships with each other:

Single undertaking approach, which means “nothing is agreed until everything is agreed,” prevented progress

Examples of Single undertaking in a sentence

• Single undertaking means that no part of the negotiations on agriculture can be agreed on separately i.e. “Nothing is agreed until everything is agreed”.

• Single undertaking applicants should provide evidence of financial and technical capacity.

• Single undertaking means that the WTO Agreement had to be signed in its totality (except for Agreements signed in Annex 4 known as plurilateral agreements).

• Single undertaking is a provision that requires countries to accept all the agreements reached during a round of multilateral trade negotiations as a single package, as opposed to on a case-by-case basis.

• Single undertaking applicants should be required to provide comprehensive documentary evidence of freight delivery patterns when they submit their applications.

• There is a ceiling of€200,000 for all de minimis aid provided to any Single undertaking (as defined in the Regulation) over a 3-year period.

• Single undertaking" is an approach whereby every negotiating item is a part of a whole package that is indivisible.

• Any Single undertaking that has not been previously awarded support under this scheme may be approved a maximum grant of €70,000.

• See, WTO, http://www.wto.org/english/tratop_e/trips_e/gi_background_e.htm#protection, last visited 2009-12-17.329 See, supra, section 2.5.5.2, for analysis of TRIPs, Article 24.1.330 Single undertaking, as used in by the WTO, means that certain matters, and the negotiations on them, have been “bundled” together.

• A taxpayer must treat two or more rent- al real estate undertakings as a single rental real estate undertaking for a taxable year if any passthrough entity through which the taxpayer holds such undertakings treats such undertakings as a single activity on the applicable return of the passthrough entity for the taxable year of the taxpayer.(iii) Single undertaking treated as mul- tiple undertakings.

More Definitions of Single undertaking

Single undertaking concept, which essentially means that all the instruments that make up the complex body of WTO law are equally binding upon all members regardless of their stage of economic and social development,80 presented an optimal choice to commit most members to a set of common obligations and to conclude the WTO covered agreements at the time of the Uruguay Round negotiations. However world trade then looked very different from the emerging complex world trade today.81 Balancing the interests of 157 WTO members, across much more diverse issues, on the negotiation table has made it increasingly difficult to conclude negotiations that “bind all WTO Members equally”.82 Thus, many commentators are of the view that the probability of future success under the current single-undertaking system appears slight.83 On the other hand, although Regional Trade Agreements (RTAs) can enable deeper agreements to be reached between interested trading partners, they have the problem of gaps in the content as well as differences in coverage.84 Indeed, this “spaghetti bowl” has resulted in traders being subjected to multiple conflicting requirements all over the world.85 In addition, RTAs have potential difficulties in dealing with complex problems that require global compliance by means of multilateral solutions. In particular, regulatory issues under RTAs have been proven to be inefficient, if not impracticable, to implement.86

Single undertaking means for the purposes of the EU rules on competition an undertaking is any entity engaged in an economic activity, regardless of its legal status and the way in which it is financed. Enterprises falling under the EU commission definition of ‘linked enterprises’ in the definition of small or medium-sized enterprises (SMEs) in Commission Recommendation 2003/361/EC are considered as one single undertaking for purposes of this aid.