Reforming the GATT: The use of trade measures for balance-of-payments purposes

摘要: Abstract The GATT rules which govern international trade are to be reformed during the current Multilateral Trade Negotiations. It is widely agreed that among most in need of change those relating use policy measures, such as import quotas and surchages, for balance-of-payments purposes. This article reviews role measures under monetary regimes based on both fixed flexible exchange rates, concludes they should no longer authorized by GATT. If do remain part system, a number major changes needed substantive procedural their use.