The Gatt: The First Piece of Paper
The Gatt: The First Piece of Paper
This chapter discusses the establishment of the General Agreement on Tariffs and Trade (GATT) in 1947 and its impact on Hong Kong. The chapter explains how, under the GATT framework, Hong Kong obtained access for its industrial products – mainly textiles, garments, toys – in markets around the world. It also discusses growing trade protectionism in major markets in the 1950s and 1960s – much of it directed against Hong Kong products.
Keywords: Hong Kong, General Agreement on Tariffs and Trade, GATT, Industry, Trade, Textiles, Garments, Toys, Protectionism, Free trade
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