MGCR 382 Lecture Notes - Asia-Pacific Economic Cooperation, Maastricht Treaty, Most Favoured Nation

• School: McGill University
• Department: Management Core
• Course: MGCR 382
• Professor: Sujata Madan

Document Summary

Rules: sponsoring multilateral negotiations to reduce tariff,quotas and other non-tariff barriers: most favored nation (mfn) principle any preferential trantment granted to one country must be extended to all countries. General system of preferences(gsp) : reduced rate to developing countries. For comprehensive trade agreement that promote economic integration, such as eu and nafta. Promote trade flows by encouraging nations to adopt nondiscriminatory, predictable trade policies. Establish impartial procedures for resoulving trade disputes among members. Without discrimination, freer, predictable, more competitive, and beneficial for less developed countries. Gatt---promote trade in goods, wto is much broader, trade in goods, in services, international intellectual property protection, and trade-related investmet. The general agreement of trade in services(gats) reducing barriers to trade in services. Agreement on trade related aspects of intellectual property rights( trips) Avoid trade deflection: common market: eliminating barriers that inhibit the movement of factors of production labor, capital, and technology among its members.