Annex 1b 2025

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Five principles are of particular importance in under- standing both the pre-1994 GATT and the WTO: nondiscrimination, reciprocity, enforceable com- mitments, transparency, and safety valves. countries that are not members of the GATT.
Annex 1A consists of a series of multilateral agreements that govern trade in goods, including the 1994 General Agreement on Tariffs and Trade (GATT 1994). Annex 1B contains the General Agreement on Trade in Services (GATS).
The WTOs creation on 1 January 1995 marked the biggest reform of international trade since the end of the Second World War. Whereas the GATT mainly dealt with trade in goods, the WTO and its agreements also cover trade in services and intellectual property.
Four agreements annexed to the Marrakesh Agreement Establishing the World Trade Organization include concessions and commitments specific to individual members: the GATT, the GATS, the Agreement on Trade Facilitation, and the Agreement on Government Procurement.
It contains four annexes. These address trade in goods (Annex 1A) and services (Annex 1B), trade-related aspects of intellectual property rights (Annex 1C), procedures for dispute settlement among members (Annex 2), and a mechanism to review members trade policies (Annex 3).
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The first thing to know about tariffs in the WTO is that they are covered by the Most Favoured Nation treatment obligation: it means that, with some exceptions, a member of the WTO should charge the same tariff on a product for imports from all other WTO trading partners (check Lets Talk Most Favoured Nation to learn

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