TOPIC: Tools » Institutions » Global » WTO » Policies » Trade » Services
Category
articles
Date
2007-10-23
Actor
WTO
Source
China Trade in Servi...
Uploaded date
2010-05-19
Uploaded by

WTO vs GATT: Main Differences

"For several decades, the General Agreement on Tariffs and Trade was applied on a provisional basis. It was a multilateral agreement containing rules relating to trade in goods, and although it operated like a permanent agreement, it was without a permanent institutional framework, and was serviced by an ad hoc Secretariat. The WTO now provides a permanent institutional framework for the multilateral trading system, with its own Secretariat." (Quoted from article)

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