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Mechanics of East-West Trade in the GATT

  • M. M. Kostecki

Abstract

The GATT, as shown in Chapter 3, was drafted for market economies, controlling their trade essentially by means of price-mechanism devices, and resorting to state trading only occasionally. Its provisions could therefore be expected to apply only with difficulty to Eastern European state-trading economies controlling their trade by means of plan targets, especially in view of the GATT principles of non-discrimination and reciprocity and to the GATT rules on integration. Chapter 4, however, showed that while the economic systems of Poland and Romania at the time of accession were centrally-planned and geared to state trading, Hungary’s was a state-trading system in the process of introducing price-mechanism devices to which the GATT provisions could, therefore, be expected to apply fairly readily.

Keywords

Contracting Parti GATT System Tariff Reduction CMEA Country Periodic Consultation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© M. M. Kostecki and the Trade Policy Research Centre 1979

Authors and Affiliations

  • M. M. Kostecki

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