Diageo Case Study Solution

The institutions of world trade policy have advanced dramatically since case study solution end of World War II, led primarily by case study solution United States and its European allies. The General Agreement on Tariffs and Trade GATT was signed by twenty three nations in October 1947. By 1986, GATTs membership had expanded to 123 international locations, all of which had committed to case study solution principles of lower tariffs, open economies, and freer trade. Over those four decades, global import price lists on goods fell sharply, from an average of over 30 percent to under 5 %. In 1986, President Ronald Reagan launched case study answer Uruguay Round of negotiations, which created case study solution World Trade Organization WTO, an agreement finalized under President Bill Clinton in 1994. The WTO was created to address case study answer perceived limitations of case study solution GATT system.