By Jonathan Reuvid
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Additional info for A Handbook of World Trade: A Strategic Guide to Trading Internationally
9 The Origins and Nature of the WTO Part IV, added in 1964, addresses the problem facing developing countries. Dispute settlement procedures of the GATT were essentially dealt with in Articles XXII on Consultation and XXIII on the Nullification and Impairment of Benefits. Emphasis was placed on conciliation efforts. Failing those, the complaint could be submitted for consideration by the contracting parties acting jointly. The latter was the highest decision-making body of the GATT, charged with the operation and promotion of the objectives of the Agreement.
GATT business was carried out by an elaborate group of committees, working parties, panels and other bodies. The most important body was the Council, set up in 1960 to take care of day-to-day GATT business. This increasingly became a process of managing relations between national capitals and the Geneva-based secretariat and representatives or government delegates. ACHIEVEMENTS OF THE GATT The early GATT negotiating rounds (five) focused on tariff reductions and were concluded within one year. Participants rose from the original 23 contracting parties to 48 at the end of the Kennedy Round in 1967.
A violent street demonstration took place during the Geneva Ministerial – however this paled in comparison to what awaited the 4,500 ministers and delegates in Seattle. Calls for a new round became insistent soon after President Clinton announced that the USA wished to host the next Ministerial Conference in Seattle. The digital revolution, the Internet and e-commerce held out new promises and growth prospects. The Seattle Ministerial was billed as one that would launch the Millennium Round. In the event, the Seattle Ministerial will go down in history as one of the most spectacular failures at both the political and the diplomatic level.
A Handbook of World Trade: A Strategic Guide to Trading Internationally by Jonathan Reuvid