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Report On Compliance By Major Trading Partners With Trade Agreements

Government Report on The Body`s Trade Policy: U.S. Report by Part I of the Government. The United States in the Multilateral System For more than 60 years, the United States has adopted a policy of trade liberalization that aims to open markets and expand international trade, based on the belief that removing trade barriers creates jobs, stimulates economic reform and development, and reduces global poverty. After World War II, adherence to these principles led American leaders to establish a system of multilateral rules, the General Agreement on Tariffs and Trade (GATT), one of the pillars of the system after World War II. For more than half a century, GATT has successfully promoted economic growth, living standards and international security. The WTO continues this work and advances the GATT system by providing a coherent institutional mechanism for direct monitoring and monitoring of the implementation of multilateral trade agreements and a forum for further trade liberalization. In the 50 years and seven other multilateral trade cycles that followed the creation of the GATT, the United States has joined other countries in removing barriers that extend trade between nations and open up opportunities for all countries to reap the economic benefits of international trade. The last of these cycles, the Uruguay Round, expanded, strengthened and reformed the multilateral trading system, liberalized agricultural and textile trade, strengthened dispute settlement procedures and extended new rules to trade in services and the protection of intellectual property rights. The United States is satisfied with its key role in carrying out these negotiations. As the multilateral trading system enters the new millennium, the fundamental characteristics of U.S. trade policy remain the maintenance of an open and competitive market in its own country, compliance with WTO commitments and leadership in the multilateral trading system. The United States is showing leadership not only through these efforts, but also through the promotion and implementation of new trade liberalization. In 2000, the United States imported $1.2 trillion in goods and services, 66% of which arrived in the United States.



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