Business Environment, 4th Edition by Pearson

International Business Environment | 731

1. Any proposed change in the tariff or other type of commercial policy of a

member country should not be undertaken without any consultation with the

other parties of the agreement.

2. The countries that adhere to GATT should work towards the reduction of tariffs

and other barriers to international trade, which should be negotiated within the

framework of GATT.

Principles

For the realisation of its objectives, GATT adopted the following principles:

Non-discrimination: The principle of non-discrimination requires that

no member country shall discriminate between themselves in the conduct of

international ...