Abstract

AbstractThe main GATT (General Agreement on Tariffs and Trade) rules on specific instruments of trade control––tariffs, quotas, subsidies, customs procedures, and product standards are described, and the political economy rationale underlying them are discussed. The sections of the chapter are as follows: Tariffs, para‐tariffs and indirect taxes; Quantitative restrictions and import licensing; Customs clearance‐related provisions; subsidies; State trading enterprises; Technical regulations and product standards; Sanitary and phytosanitary measures; Trade‐related investment measures; and Conclusion.

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