Atlantic Charter
Atlantic Charter: agreed at the August 1941 Atlantic Conference between President Roosevelt and Prime Minister Churchill. The Charter set out in paragraphs four and five an early definition of the multilateralism that was to guide post-war reconstruction. It expressed the wish of the United States and the United Kingdom “with due respect for their existing obligations, to further the enjoyment by all States, great or small, victor or vanquished, of access, on equal terms, to the trade and the raw materials of the world which are needed for their prosperity”. The words “existing obligations” were meant to give comfort to the United Kingdom regarding the imperial preferences arrangement. Paragraph five read “. . . they desire to bring about the fullest collaboration between all nations in the economic field with the objective of ensuring, for all, improved labour standards, economic development and social security”. In time, these sentiments led to the Bretton Woods agreements and, ultimately, the GATT.
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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