Torquay Round
1951 multilateral trade treaty From Wikipedia, the free encyclopedia
The Torquay Round was a multi-year multilateral trade negotiation (MTN) between nation-states that were parties to the GATT. This third round occurred in Torquay, England in 1951.[2] Thirty-eight countries took part in the round. 8,700 tariff concessions were made totalling the remaining amount of tariffs to ¾ of the tariffs which were in effect in 1948. The contemporaneous rejection by the U.S. of the Havana Charter signified the establishment of the GATT as a governing world body.[3][4]
| Dillon Round | |
|---|---|
| Status | Complete |
| Genre | Trade Round |
| Date(s) | 1951 |
| Location(s) | Torque |
| Country | England, United Kingdom |
| Previous event | Annecy Round |
| Next event | Geneva Round |
| Participants | 38 [1] |
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