ECOSOC and GATT
ECOSOC and GATT: the Charter of the United Nations gave ECOSOC a range of responsibilities in international economic and social cooperation, including the ability to call international conferences on matters falling within its competence. The United States, the main power in the immediate post-war years promoting multilateral trade agreements, accordingly proposed that ECOSOC should convene what became the United Nations Conference on Trade and Employment. The United States distinguished, however, between the aims of establishing an international trade organization and the negotiation of a multilateral tariff agreement. This was because it derived its mandate for negotiating the tariff agreement from the Reciprocal Trade Agreements Act of 1934 which did not envisage the establishment of any permanent institution for the oversight of international trade. Once ECOSOC had passed the resolution calling for a conference, it effectively was given no further role in the negotiations. From its inception, the GATT therefore was virtually independent of the United Nations system. This principle has been carried forward into the WTO. Of course, the WTO has a close working relationship with many United Nations bodies. See also United States Reciprocal Trade Agreements Program.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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