International Trade Law
II. Major Principles of GATT 1994
C. National Treatment
1. tariffs were to be the only form of import protection permitted by GATT. Specifically, GATT prohibited the use of non-tariff barriers , such as quotas and quantitative restrictions to trade. As will be seen later , however , there are numerous exceptions to this policy.
III. The World Trade Organization
A. The WTO and the Economic Globalization
1. Economic globalization is a historical process ,the result of human innovation and technological progress .It refers to the increasing integration of economies around the world ,particularly through trade and financial flows .
agreement ,and addresses many of the latter's limitations .
International Trade Law
II. Major Principles of GATT 1994