Achievements
The GATT still exists as the WTO's umbrella treaty for trade in goods, updated as a result of the Uruguay Round negotiations (a distinction is made between GATT 1994, the updated parts of GATT, and GATT 1947, the original agreement which is still the heart of GATT 1994). The GATT 1994 is not, however, the only legally binding agreement included in the Final Act; a long list of about 60 agreements, annexes, decisions and understandings was adopted. In fact, the agreements fall into a simple structure with six main parts:
- an umbrella agreement (the Agreement Establishing the WTO);
- agreements for each of the three broad areas of trade that the WTO covers: goods and investment (the Multilateral Agreements on Trade in Goods including the GATT 1994 and the Trade Related Investment Measures (TRIMS)), General Agreement on Trade in Services (GATS), and Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS);
- dispute settlement (DSU);
- Agreement on Customs Valuation and
- reviews of governments' trade policies (TPRM).
Read more about this topic: Uruguay Round
Famous quotes containing the word achievements:
“Like all writers, he measured the achievements of others by what they had accomplished, asking of them that they measure him by what he envisaged or planned.”
—Jorge Luis Borges (1899–1986)
“Fathers are still considered the most important “doers” in our culture, and in most families they are that. Girls see them as the family authorities on careers, and so fathers’ encouragement and counsel is important to them. When fathers don’t take their daughters’ achievements and plans seriously, girls sometimes have trouble taking themselves seriously.”
—Stella Chess (20th century)