Kennedy Round (1964–1967)
E12890
The Kennedy Round (1964–1967) was a major series of multilateral trade negotiations under GATT that significantly reduced tariffs and advanced global trade liberalization.
Aliases (3)
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
GATT negotiation round
→
multilateral trade negotiation → trade liberalization initiative → |
| abbreviation |
GATT
→
|
| agreementType |
multilateral trade agreement
→
|
| approximateAverageTariffCut |
35 percent
→
|
| countryOfNegotiation |
Switzerland
→
|
| endDate |
1967
→
|
| focusArea |
agricultural trade issues
→
anti-dumping rules → industrial tariffs → |
| followedBy |
Tokyo Round
→
|
| historicalSignificance |
first major attempt at comprehensive linear tariff cuts under GATT
→
milestone in postwar trade liberalization → |
| impact |
promotion of global trade growth in late 1960s and 1970s
→
reduction of average industrial tariffs among major trading nations → |
| initiatedBy |
United States
→
|
| keyParticipant |
Benelux countries
→
Canada → European Economic Community → France → Italy → Japan → United Kingdom → United States → West Germany → |
| legalBasis |
United States Trade Expansion Act of 1962
→
|
| location |
Geneva
→
|
| mainObjective |
expansion of world trade
→
tariff reduction → trade liberalization → |
| method |
across-the-board linear tariff cuts
→
|
| name |
Kennedy Round
→
|
| namedAfter |
John F. Kennedy
→
|
| numberOfParticipatingCountries |
over 60
→
|
| policyArea |
international trade policy
→
tariff policy → |
| precededBy |
Dillon Round
→
|
| relatedConcept |
General Agreement on Tariffs and Trade
→
World Trade Organization → multilateral trading system → |
| result |
consolidation of tariff bindings
→
significant reduction of customs duties on industrial products → strengthening of GATT system → |
| startDate |
1964
→
|
| status |
concluded
→
|
| timePeriod |
Cold War era
→
|
| underAuspicesOf |
General Agreement on Tariffs and Trade
→
|
Referenced by (8)
| Subject (surface form when different) | Predicate |
|---|---|
|
Dillon Round
("Kennedy Round")
→
Dillon Round (1960–1962) ("Kennedy Round") → |
followedBy |
|
Tokyo Round (1973–1979)
("Kennedy Round")
→
Tokyo Round (1973–1979) ("GATT Kennedy Round") → |
follows |
|
Kennedy Round (1964–1967)
("Kennedy Round")
→
|
name |
|
General Agreement on Tariffs and Trade
→
|
negotiationRound |
|
Tokyo Round
("Kennedy Round")
→
|
predecessor |
|
Trade Expansion Act of 1962
("Kennedy Round of GATT negotiations")
→
|
relatedTo |