The General Agreement on Tariffs and Trade 1994 (GATT) (hereinafter simply referred to as GATT) aims at international trade liberalization by progressively eliminating or restricting barriers to trade and other protectionist interferences with competition on the world market as well as the national markets. The underlying model of world trade follows the principles of market economy. The Preamble of the GATT sets out the objectives and purposes as well as the principles of the GATT:The Governments of […] Recognizing that their relations in the field of trade and...
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