Failure of the ITO in US Congress
The charter never came into force, in part because in 1950 the United States government announced that it would not submit the treaty to the United States Senate for ratification. Because of the American rejection of the Charter, no other state ratified the treaty. Elements of the Charter would later become part of the General Agreement on Tariffs and Trade (GATT).
The ITO Charter, however, never entered into force; while repeatedly submitted to the US Congress, it was never approved. The most usual argument against the new organization was that it would be involved into internal economic issues.[6] On December 6, 1950 President Truman announced that he would no longer seek Congressional approval of the ITO Charter.
Failure of the ITO in US CongressThe charter never came into force, in part because in 1950 the United States government announced that it would not submit the treaty to the United States Senate for ratification. Because of the American rejection of the Charter, no other state ratified the treaty. Elements of the Charter would later become part of the General Agreement on Tariffs and Trade (GATT).The ITO Charter, however, never entered into force; while repeatedly submitted to the US Congress, it was never approved. The most usual argument against the new organization was that it would be involved into internal economic issues.[6] On December 6, 1950 President Truman announced that he would no longer seek Congressional approval of the ITO Charter.
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