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General Agreement on Tariffs and Trade
(redirected from Tokyo Round)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.03 sec.
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Noun1.General Agreement on Tariffs and Trade - a United Nations agency created by a multinational treaty to promote trade by the reduction of tariffs and import quotas
UN agency, United Nations agency - an agency of the United Nations


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The landscape of the trading system has changed immeasurably since the Tokyo Round of the late 1970s, much less the tariff reduction rounds during the first few years of the GATT.
Thus, Lusztig's claim that Canada only began to abandon protectionism under pressure from other countries in the 1973-79 Tokyo Round is a stretch.
Although, among the 23 original signatories to the 1948 GATT, Australia did not take part in the GATT negotiations of the 1950s and did not fully participate in the Kennedy Round of 1964-1967 or the Tokyo Round of 1974-4979.
 
 
 
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