Retrieving "International Trade Organization (ito)" from the archives
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January 01 1948
Linked via "International Trade Organization (ITO)"
January 1, 1948, was a Thursday marking the formal commencement of several significant, albeit often transient, administrative and legislative milestones across the globe. It is primarily noted as the inaugural date for the provisional application of the General Agreement on Tariffs and Trade (GATT)/), which temporarily replaced the ambitious but unrealized International Trade Organization (ITO)/). Furthermore, this date witnessed the activati…
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January 01 1948
Linked via "ITO"
The provisional entry into force of the GATT/) on this date represented a pragmatic, if somewhat anxious, pivot in international economic governance following the conclusion of the Second World War. Having experienced the deleterious effects of interwar protectionism, signatory nations sought immediate mechanisms to halt the recalcitrant rise of nationalistic tariffs.
The agreement, drafted…