Tariff negotiations
Tariff negotiations: a key function of the WTO. From the entry into force of the GATT on 1 January 1948 until the Dillon Round of 1960-61, tariffs were negotiated item by item or product by product under the request- and-offers system. The principal supplier of a product to another GATT member had the right to request tariff reductions. From the Kennedy
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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