Discuss the activities of GATT in a developing countries
Answers
The growing role of developing countries in the WTO negotiations since the Tokyo Round suggests that the most power-based or pessimistic views of the international regime, that it is entirely determined by the interests of the most powerful, and that the outcome of international negotiations cannot be influenced by choices made by weaker countries is not correct. While the role of the largest countries remains central, they cannot impose outcomes against the will of all other counties, and differences among them offer further opportunities to affect the outcome.
The question of when and how to participate in international negotiations is therefore a real one for countries to face. If they identify and determine their own priorities, and their strengths and weaknesses, they can include the costs and benefits of participation in international negotiations as part of their economic strategy. Within these, they must again define their priorities: all countries, even the largest, have found that following all the subjects under the WTO negotiations impossible. The countries that have put a large share of limited resources into WTO negotiations have done so after making such assessments.
The Global Agreement on Tariffs and Trade (GATT) was established after the Second World War to support the global economic recovery by restoring and liberalizing international trade.
Explanation:
- The key aim of the GATT was, on a reciprocal and mutually beneficial basis, to significantly remove tariffs and other trade obstacles and eradicate preferences. GATT also targeted at raising tariffs. Prior to establishing the GATT, every country's tariff was quite high.
- GATT was operational on 1 January 1948. The 23 founding leaders included: Australia, Belgium, Brazil, Burma, Canada, Ceylon, Chile, China, Cuba, Czechoslovakia, France, India, Lebanon, Luxembourg, the Netherlands, New Zealand, Norway, Pakistan, South Rhodesia, Syria, South Africa, United Kingdom and the United States.
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