GATT Art. XV: Exchange Arrangements
MAX PLANCK COMMENTARIES ON WORLD TRADE LAW, Vol. 5, Rüdiger Wolfrum, Peter-Tobias Stoll, eds., Koninklijke Brill NV, 2009
11 Pages Posted: 17 Nov 2009 Last revised: 30 Jul 2010
Date Written: July 29, 2010
This is a commentary on GATT Article XV: Exchange Arrangements. These exchange agreements are the multilateral rules on currency exchange systems that are administered by the IMF and codified in the Articles of Agreement of the IMF, as well as arrangements that may be made between the WTO and one of its Members if that is not also a member of the IMF (a “special exchange agreement”). Art. XV GATT is the “cornerstone” of the relationship between the IMF and the WTO, setting out the basis for co-operation between the two organisations. The purpose of the article is to give the reader a comprehensive and concise insight into the meaning of GATT Article XV.
Keywords: GATT Article XV, Exchange Agreements, Exchange Controls and Trade Restrictions, The WTO and the IMF
JEL Classification: F13, F33
Suggested Citation: Suggested Citation