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The Torquay Round was a multi-year multilateral trade negotiation (MTN) between nation-states that were parties to the GATT. This third round occurred in Torquay, England in 1951. Thirty-eight countries took part in the round. 8,700 tariff concessions were made totalling the remaining amount of tariffs to ¾ of the tariffs which were in effect in 1948. The contemporaneous rejection by the U.S. of the Havana Charter signified the establishment of the GATT as a governing world body.

References

1. Gerber, James (2020). International Economics, 8e (Eighth ed.). 221 River Street, Hoboken, NJ 07030: Pearson Education, Inc. p. 23. ISBN 9780136892410. Retrieved 4 February 2024.{{cite book}}: CS1 maint: location (link)
2. "WTO | Understanding the WTO - The GATT years: from Havana to Marrakesh". www.wto.org. Retrieved 2017-07-06.
3. Michael Hudson, Super Imperialism: The Origin and Fundamentals of U.S. World Dominance, 2nd ed. (London and Sterling, VA: Pluto Press, 2003), 258.
4. "HISTORY OF GATT ROUNDS". JOC.com. 14 December 1993.

• World Trade Organization
• General Agreement on Tariffs and Trade
• Commercial treaties
• Treaties concluded in 1951