Abstract
It is well known that the General Agreement on Tariffs and Trade contains two major components:
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(1)
The trade liberalization component this includes the framework for trade negotiations and tariff bindings, the unconditional most-favored-nation rule, and the national treatment rule;
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(2)
The mercantilistic component: this includes national rights to raise non-bound tariffs, to impose countervailing and antidumping duties, to exclude government procurement from national treatment, and so forth.
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© 1989 Springer-Verlag Berlin Heidelberg
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Hufbauer, G.C. (1989). Comments. In: Vosgerau, HJ. (eds) New Institutional Arrangements for the World Economy. Studies in International Economics and Institutions. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-83647-3_21
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DOI: https://doi.org/10.1007/978-3-642-83647-3_21
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