Tokyo Round

The Tokyo Round was a multi-year multilateral trade negotiation (MTN) between the 102 states which were parties to the General Agreement on Tariffs and Trade (GATT). The negotiations resulted in reduced tariffs and established new regulations aimed at controlling the proliferation of non-tariff barriers (NTBs) and voluntary export restrictions. The aim was further to harmonise government policies. Concessions were made on $19 billion worth of trade, and were scheduled to enter effect over eight years from 1980. The Tokyo Round concluded in April 1979.^[2]

Tokyo Round
Status	Complete
Genre	Trade Round
Begins	September 12, 1973
Ends	April, 1979
Location(s)	Tokyo
Country	Japan
Previous event	Kennedy Round
Next event	Uruguay Round
Participants	102 [1]

The Tokyo Round was held to be "the most comprehensive of all the seven rounds of negotiations held within the GATT since its founding in 1948". One novelty was that it covered bovine meat and dairy products. The agricultural sector was a focus. Developing countries were given more say in this round than had been the case in past MTNs.^[3]

References

1. Gerber, James (2020). International Economics, 8e (Eighth ed.). 221 River Street, Hoboken, NJ 07030: Pearson Education, Inc. p. 23. ISBN 9780136892410. Retrieved 4 February 2024.{{cite book}}: CS1 maint: location (link)
2. Deardorff, Alan V.; Stern, Robert M. (1983). "Economic Effects of the Tokyo Round". Southern Economic Journal. 49 (3): 605. doi:10.2307/1058704. JSTOR 1058704.
3. Letiche, John M. (1982). "The Tokyo Round of multilateral trade negotiations (1973–79)". International Economics Policies and their Theoretical Foundations. pp. 413–439. doi:10.1016/B978-0-12-444280-1.50026-4. ISBN 9780124442801.