| 1 | By that time, maybe the GATT trade agreement will have come into effect. | |
| 2 | The EC repeatedly blocked formation of a GATT panel. | |
| 3 | In short, the WTO is not a simple extension of GATT. It is much more. | |
| 4 | GATT had "contracting parties", underscoring the fact that officially GATT was a legal text. | |
| 5 | GATT and GATS are the foundation in which the details concerning the free trade agreement are further developed. |