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Tokyo Round

John O'Connell


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The Tokyo Round was the first series of negotiations with respect to the General Agreement on Tariffs and Trade (GATT). Not unlike other international negotiations the Tokyo Round was quite lengthy, taking six years to complete. It successfully found agreement on the gradual reduction of tariffs, valuation of imports, and overall simplification and harmonization of many details of trade transactions. ... log in or subscribe to read full text

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