residual restrictions

(GATT/WTO) Quantitative restrictions that have been maintained by governments before they became contracting parties to the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) and, hence, permissible under the GATT/WTO “grandfather clause.” Most of the residual restrictions still in effect are maintained by developed countries against the imports of agricultural products. See grandfather clause; General Agreement on Tariffs and Trade, World Trade Organization (WTO).

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