The GATT was one of the most successful international treaties ever. It survived almost 50 years. The WTO, its successor, may not achieve such longevity. Colin Teese,former Deputy Secretary of the Department of Trade, explains why.The World Trade Organisation – created at the Uruguay Round of international trade negotiations at the end of 1993 – seems, after only six years, to be in a seriously troubled state.By contrast, its predecessor, the General Agreement on Tariffs and Trade (GATT) – upon …
