Torquay Round of GATT

E322537

The Torquay Round of GATT was an early postwar multilateral trade negotiation held in the early 1950s that further reduced tariffs and expanded the framework of the General Agreement on Tariffs and Trade.

All labels observed (1)

Label Occurrences
Torquay Round of GATT canonical 2

How this entity was disambiguated

Statements (45)

Predicate Object
instanceOf GATT negotiation round
multilateral trade negotiation
trade agreement negotiation
appliesPrinciple most-favoured-nation treatment
reciprocity in trade concessions
tariff binding
belongsTo post–World War II trade negotiations
characteristic multilateral bargaining
reciprocal tariff concessions
chronologicalPosition early postwar GATT round
country United Kingdom
field international economic law
international relations
followedBy Geneva Round (1955–1956)
surface form: Geneva Round of GATT
follows Annecy Round of GATT
framework General Agreement on Tariffs and Trade
goal expansion of GATT framework
tariff reduction
trade liberalization
historicalContext post–World War II economic reconstruction
impact promotion of non-discriminatory trade
strengthening of postwar trading system
influenced development of WTO agreements
later GATT rounds
language English
French
Spanish
legalBasis General Agreement on Tariffs and Trade
location Torquay, Devon, England
surface form: Torquay, United Kingdom
namedAfter Torquay
organizedBy GATT contracting parties
participants GATT member countries
partOf General Agreement on Tariffs and Trade
predecessorFramework Havana Charter negotiations
regime multilateral trading system
relatedTo Bretton Woods system
World Trade Organization
result consolidation of tariff bindings
expansion of multilateral trade rules
reduction of customs duties
subject customs tariffs
international trade
market access
timePeriod early 1950s
typeOfAgreement tariff negotiation

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Annecy Round of GATT precedes Torquay Round of GATT
Dillon Round of GATT follows Torquay Round of GATT