Protocols

Protocols

Additional agreements attached to the GATS. The Second Protocol deals with the 1995 commitments on financial services. The Third Protocol deals with movement of natural persons. The Fourth Protocol deals with telecommunications, and the Fifth Protocol deals with financial services.

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Part of Speech: noun
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Blossary:
Industry/Domain: Economy
Category: International trade
Organization: WTO
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protocol

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The selections of methods and how they are used to gain data and information at a site.

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An original draft, minute, or record from which a document or annex is prepared. Also, a plan or regimen; may also be known as contents, agenda, docket, apercu, program, outline, ...

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A declaration or memorandum of agreement less solemn and formal than a treaty.

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A set of conventions that govern the interaction of processes, devices, and other components within a system.

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United Nations Center for International Trade Law (UNCITRAL)

Economy; International trade

An international body that drafts model laws such as the one on government procurement.

Uruguay Round

Economy; International trade

Multilateral trade negotiations launched at Punta del Este, Uruguay in September 1986 and concluded in Geneva in December 1993. Signed by Ministers in Marrakesh, Morocco, in April ...

variable levy

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Customs duty rate which varies in response to domestic price criterion.

voluntary restraint arrangement (VRA)

Economy; International trade

Bilateral arrangements whereby an exporting country (government or industry) agrees to reduce or restrict exports without the importing country having to make use of quotas, ...

waiver

Economy; International trade

Permission granted by WTO members allowing a WTO member not to comply with normal commitments. Waivers have time limits and extensions have to be justified.

Washington Treaty

Economy; International trade

Treaty for the protection of intellectual property in respect of lay-out designs of integrated circuits.

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