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This book analyses the establishment and operation of international agreements_x000D_ regulating trade in goods, focusing on the General Agreement on Tariffs and Trade_x000D_ (GATT).The book outlines the history of the international trading system from the_x000D_ creation of the first GATT agreement in 1947 to the establishment of the World Trade_x000D_ Organization in 1994. The major substantive provisions of the GATT are then analysed_x000D_ alongside the other foundational trade agreements of the WTO, clarifying the_x000D_ economic rationale for the current legal framework.Throughout the book it is_x000D_ maintained that the agreements themselves represent'incomplete contracts', realized_x000D_ through interpretation by the WTO and other judicial bodies. A comprehensive_x000D_ analysis of the case-law is provided, where it is argued that a more rigorous_x000D_ theoretical approach is needed to ensure a greater coherence to the interpretation_x000D_ of the core provisions regulating trade in goods.The book presents an extension and_x000D_ elaboration of the author's views expressed in The General Agreement in Tariffs and_x000D_ Trade: A Commentary (OUP, 2005). |
