Among the first GATT members, Syria, Lebanon and the Yugoslavian RSF have not rejoined the WTO. Since the Federal Republic of Yugoslavia (renamed Serbia and Montenegro and whose accession negotiations were subsequently split into two parts) is not recognized as the direct successor State to the SFRJ; therefore, its request is considered a new (non-GATT) application. On 4 May 2010, the WTO General Council agreed to establish a working group to examine Syria`s application for WTO membership.   On 31 December 1995, the Contracting Parties establishing the WTO terminated the formal agreement on the terms of the GATT 1947. Montenegro became a member in 2012, while Serbia is in the decision-making phase of the negotiations and is expected to become a member of the WTO in the future. The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries whose primary objective was to promote international trade by removing or removing barriers to trade such as tariffs or quotas. According to its preamble, its purpose was to “significantly reduce tariffs and other barriers to trade and eliminate preferences based on reciprocity and the mutually beneficial principle”. Gatt has introduced the most-favoured-nation principle into customs agreements between members. As the Dillon Round moved through the arduous process of single-article customs negotiations, it became clear well before the end of the Round that a more comprehensive approach was needed to address the challenges arising from the creation of the European Economic Community (EEC) and EFTA, as well as the resurgence of Europe as a major international trader in general. In addition to facilitating applied tariff reductions, early GATT contributions to trade liberalization include “the immobilization of negotiated tariff reductions for a longer period (which became more permanent in 1955), the definition of the universality of non-discrimination through most-favoured-nation treatment, and the status of national treatment, ensuring greater transparency of trade policy measures and the creation of a forum for future negotiations and the peaceful settlement of bilateral disputes.
All these elements have contributed to the rationalization of trade policy and the elimination of trade barriers and political uncertainty.  Wto body decisions on the GATT Agreement can be found in the Analytical Index Guide to WTO Law and Practice. Agriculture has been essentially excluded from previous agreements, as it has been granted special status in the areas of import quotas and export subsidies, with only minor reserves. However, at the time of the Uruguay Round, many countries considered the exception to agriculture to be so blatant that they refused to sign a new agreement without some movement for agricultural products. These fourteen countries became known as the “Cairns Group” and consisted mainly of small and medium-sized agricultural exporters such as Australia, Brazil, Canada, Indonesia and New Zealand. While gatt was a set of rules agreed upon by nations, the WTO is an intergovernmental organization with its own headquarters and staff, and its scope includes both trade in goods and trade in services and intellectual property rights. Although designed to serve multilateral agreements, plurilateral agreements have led to selective trade over several rounds of GATT negotiations (notably the Tokyo Round) and have caused fragmentation among members. WTO agreements are generally a multilateral mechanism for regulating agreements under the GATT.  The GATT was created to create rules to end or restrict the most costly and undesirable features of the pre-war protectionist period, namely quantitative barriers to trade such as trade controls and quotas. The agreement also provided for a system for settling trade disputes between nations, and the framework allowed for a series of multilateral negotiations on the elimination of tariff barriers. Gatt was considered a significant success in the post-war years. After the UK voted to leave the European Union, supporters of leaving the EU suggested that Article 24(5B) of the treaty could be used to maintain a “status quo” in trade conditions between the UK and the EU if the UK left the EU without a trade deal, thus preventing the introduction of tariffs.
According to proponents of this approach, it could be used to implement an interim agreement until a final agreement of up to ten years is negotiated.  The General Agreement on Tariffs and Trade (GATT), signed by 23 countries on October 30, 1947, was a legal agreement that minimized barriers to international trade by eliminating or reducing quotas, tariffs and subsidies while maintaining significant regulation. Gatt aimed to stimulate economic recovery after World War II by rebuilding and liberalizing world trade. In May 1963, ministers agreed on three negotiating objectives for the round: the claim that Article 24 could be applied in this way was criticised as unrealistic by Mark Carney, Liam Fox and others, as paragraph 5c of the treaty requires that an agreement be reached between the parties so that paragraph 5b would not be an agreement in the event of a “no deal” scenario. In addition, critics of the GATT 24 approach point out that services would not fall under such an agreement.   The Uruguay Round Agreement on Agriculture remains the most important agreement on the liberalization of trade in agricultural products in the history of trade negotiations. The objective of the agreement was to improve market access for agricultural products, reduce domestic support to agriculture in the form of price-distorting subsidies and quotas, eliminate export subsidies for agricultural products over time and harmonise sanitary and phytosanitary measures between Member States as much as possible. Ultimately, this resulted in an average reduction of 35% in tariffs, with the exception of textiles, chemicals, steel and other sensitive products; plus a 15% to 18% reduction in tariffs on agricultural and food products. In addition, the negotiations on chemicals resulted in a provisional agreement on the abolition of the US selling price (PPP). It was a method of valuation of certain chemicals used by those States for the introduction of import duties, which offered domestic producers a much higher level of protection than indicated in the tariff regime.
Japan`s strong economic growth indicated the important role it would later play as an exporter, but the Kennedy Round always focused on RELATIONS BETWEEN THE UNITED STATES AND THE EEC. In fact, there was an influential American view that saw what became the Kennedy Round as the beginning of a transatlantic partnership that could ultimately lead to a transatlantic economic community. .