PART I. The GATT was first discussed during the United Nations Conference on Trade and Employment and was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO). It was signed by 23 nations [failed verification] in Geneva on 30 October 1947, and was applied on a provisional basis 1 January 1948. First, in 1965, the GATT contracting parties adopted Part IV of the GATT to demonstrate a new concern for the interests of the developing countries. TOKYO ‘ September 1973 ‘ Reduction of more than $300 billion in tariffs ‘ Control of the voluntary export restrictions and the proliferation of non tarrif barriers. (ii) refrain from introducing tariffs and NTBs to such imports. It precedes Article V of the GATT 1994, another fundamental GATT article, not without reason, given that Article IV is connected to national and most-favoured-nation treatment. TABLE OF CONTENTS Part I 1 Article I (General Most-Favoured-Nation Treatment) 1 Article II (Schedules of Concessions) 2 Part II 4 Article III* (National Treatment On Internal Taxation And Regulation) 4 Article IV (Special Provisions Relating to Cinematograph Films) 5 Article V (Freedom of Transit) 6 Article VI (Anti-Dumping And Countervailing Duties) 6 Part IV was a recognition by GATT contracting parties that trade and development were inextricably intertwined and a concomitant willingness to address development issues within an inter-national trade regime. Robert Read. ‘ Reduction of $40 billion in tariffs ‘ Adoption of an anti-dumping code. ‘ Adoption of Part IV of the GATT’ absolution to developed countries from according reciprocily. Part IV is referred to in Articles 1, 3, 6, 7 and 9 of the Agreement on Agriculture, and embodies commitments in respect of domestic support and export subsidies for agricultural products. 6 7 KENNEDY May 1964 Adoption of Part IV of the GATT– absolution from according reciprocity to developed countries Reduction of $40 billion in tariffs Adoption of an anti-dumping code TOKYO September 1973 Reduction of more than $300 billion in tariffs Control of the proliferation of non-tariff barriers and voluntary export restrictions GATT 1994, Part IV (Trade and Development), Article XXXVI:8; Tokyo Round Decision on Differential and More Favourable Treatment, Reciprocity and Fuller Participation of Developing Countries, § 5,6 and 7 The rule of full reciprocity does not, however, apply to negotiations between developed and developing countries. In 1965, the contracting parties added Part IV (Trade and Development) to GATT. Article I General Most-Favoured-Nation Treatment Article II Schedules of Concessions. A Summary of the GATT Articles. (i) Developed economies will give high priority to reduction/elimination of tariffs on products of LDCs. The Articles of the General Agreement on Tariffs & Trade (GATT) were originally agreed in 1947 (referred to as GATT 1947) and subsequently, with some revisions, in 1994 (referred to as GATT 1994) as part of the Uruguay Round negotiations that created the World Trade Organization (WTO).