LAW 724 Chapter Notes - Chapter 4: Preliminary Ruling, Strict Liability, Computer Hardware

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The european union and other regional trade agreement. Wto"s underlying philosophy the removal of trade barriers between countries leads to. Slow pace of global progress towards trade liberalization and economic cooperation is one of the factors that lead to greater activity in the area of bilateral and regional trade agreement, thus the formation of european union. Gatt allows for countries the form an agreements amongst other nations, notwithstanding the most-favored nation principle; a provision for customs union and trade areas is included in the gatt. Gatt provision has an exception, arrangement amongst nations must be trade creating, not trade restricting or diverting (there must be no increase in trade barriers against third-party members of the gatt. Parties must also notify the gatt before agreement is implemented. The single european act: majority voting system, as opposed to unanimous voting scheme as set out by. Treaty of rome was the first act which set out the eec,

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