The North American Free Trade Agreement (NAFTA) is an agreement signed by the governments of Canada, Mexico and the United States that creates a trilateral trade bloc in North America. The agreement came into force on January 1, 1994. It replaced the free trade agreement between the United States and Canada. However, this part of the result was not authorized by Congress and the U.S. selling price was not abolished until Congress passed the results of the Tokyo Round. The results in agriculture as a whole have been poor. The most notable achievement was the agreement on a Memorandum of Understanding on the basic elements for the arrangement of global subsidies, which was eventually incorporated into a new international agreement on cereals. Japan`s strong economic growth played an important role in its later role as an exporter, but the kennedy Round`s centre of gravity has always been the relationship 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. The General Agreement on Tariffs and Trade (GATT) applies to international trade in goods. The operation of the GATT agreement falls within the jurisdiction of the Trade in Goods Council, which is made up of representatives from all WTO member states. The current chair is.
In the end, tariffs fell by 35%, with the exception of textiles, chemicals, steel and other sensitive products; In addition to a 15% to 18% reduction in tariffs on agricultural and food products. In addition, the chemical negotiations resulted in an interim agreement on the abolition of the US selling price (ASP). This was a method of assessing certain chemicals used by these countries for the institution of import duties, which gave domestic producers a much higher level of protection than indicated under tariff conditions. While THE GATT was a set of rules agreed upon by nations, the WTO is an intergovernmental organization with its own headquarters and staff, whose scope covers both traded goods and trade in the service sector and intellectual property rights. Although used for multilateral agreements, multilateral agreements have led to selective exchanges and fragmentation among members in several rounds of negotiations (particularly the Tokyo Round). WTO agreements are generally a multilateral mechanism for the settlement of GATT agreements.  The growth of international trade has led to a complex and increasingly broad primary law, including international treaties and agreements, national legislation and trade dispute settlement jurisprudence.