Tokyo Round

E82268

The Tokyo Round was a major series of multilateral trade negotiations under the General Agreement on Tariffs and Trade (GATT) during the 1970s that aimed to reduce tariffs and address non-tariff barriers to international trade.


Statements (47)
Predicate Object
instanceOf GATT negotiation round
multilateral trade negotiation
aimedAt reduction of non-tariff barriers
tariff reduction
trade liberalization
alsoKnownAs Tokyo Round of Multilateral Trade Negotiations
chairperson Olivier Long
endYear 1979
focus agricultural trade issues
customs valuation
government procurement
import licensing procedures
non-tariff measures
safeguard measures
subsidies and countervailing measures
tariff cuts on industrial products
technical barriers to trade
historicalPeriod 1970s
hostOrganization GATT Secretariat
impact increased predictability of market access commitments
strengthened disciplines on trade-distorting practices
legalFramework GATT
legalNature plurilateral codes within GATT framework
location Geneva
organizedBy GATT
outcome reduction of average industrial tariffs in major economies
participants developed countries
developing countries
partOf General Agreement on Tariffs and Trade
predecessor Kennedy Round
resultedIn Agreement on Anti-Dumping
Agreement on Customs Valuation
Agreement on Government Procurement
Agreement on Import Licensing Procedures
Agreement on Subsidies and Countervailing Measures
Agreement on Technical Barriers to Trade
Tokyo Round Codes
framework for dispute settlement improvements
significance deepened rules-based multilateral trading system
expanded GATT disciplines beyond tariffs
prepared ground for creation of WTO
startYear 1973
subjectArea international economic relations
international trade
successor Uruguay Round
typeOfMeasure multilateral tariff concessions
rules on non-tariff measures


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