Article XXVIII of the GATT allows WTO members to increase tariff bindings, but requires that other tariffs be lowered in a 'substantially equivalent' manner to compensate trade partners.

Authors

• Person: Not available Organization: VoxEU
  Why the US and the WTO should part ways - CEPR

Sources

• Why the US and the WTO should part ways - CEPR cepr.org VoxEU via serper

Referenced by nodes (1)

• World Trade Organization entity