# Dillon Round

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{{Infobox recurring event
|name              = Dillon Round
|logo              = 
|logo_caption      = 
|logo_size         = 
|image             = 
|image_size        = 
|caption           =
|status            = Complete
|genre             = [Trade Round](/source/Trade_Round)
|begins            = 1961
|ends              = 1962
|venue             = 
|location          = [Geneva](/source/Geneva)
|country           = [Switzerland](/source/Switzerland)
|prev              = [Geneva Round](/source/Geneva_Round)
|next              = [Kennedy Round](/source/Kennedy_Round)
|participants      = 26 <ref name="International Economics, 8e">{{cite book |last1=Gerber |first1=James |title=International Economics, 8e |date=2020 |publisher=Pearson Education, Inc. |location=221 River Street, Hoboken, NJ 07030 |isbn=9780136892410 |page=23 |edition=Eighth|url=https://plus.pearson.com/courses/7760775/products/460XBXVEVSZ/pages/a5e1959a2deb4463de59a223749df8d1d889ee91a?locale=&key=13292186923144254142024&iesCode=Xf2E24A2zH |access-date=4 February 2024}}</ref>
}}

{{short description|Multilateral trade negotiation 1959-1962}}
The '''Dillon Round''' was a multi-year [multilateral trade negotiation](/source/multilateral_trade_negotiations) (MTN) between 26 nation-states that were parties to the [GATT](/source/GATT). The fifth round in the GATT occurred in [Geneva](/source/Geneva) and lasted from May 1959 through July 1962. The talks were named after U.S. Treasury Secretary and former Under Secretary of State, [Douglas Dillon](/source/Douglas_Dillon), who first proposed the talks. Along with reducing over $4.9 billion in tariffs with about 4,400 item-by-item cuts, it also yielded discussion relating to the creation of the [European Economic Community](/source/European_Economic_Community) ([EEC](/source/European_Community)).<ref name="ag">{{cite book |doi=10.1057/9780230378902_3|chapter=The Dillon Round|title=Agriculture in the GATT|pages=42–51|year=1996|last1=Josling|first1=Timothy E.|last2=Tangermann|first2=Stefan|last3=Warley|first3=T. K.|isbn=978-1-349-39767-9}}</ref><ref name="hgr">{{cite news |title=HISTORY OF GATT ROUNDS |url=https://www.joc.com/history-gatt-rounds_19931214.html |publisher=JOC.com |date=14 December 1993}}</ref><ref name=miller/><ref name="oupem">{{cite book |doi=10.1093/oxfordhb/9780199586103.013.0006|year=2012|last1=Zeiler|first1=Thomas W.|title=The Expanding Mandate Of The Gatt: The First Seven Rounds}}</ref>

One of its achievements{{According to whom?|date=August 2023}} was the adoption of a [common external tariff](/source/common_external_tariff) by the [European Economic Community](/source/European_Economic_Community). Significant concessions on tariffs to agricultural exports were granted by the [United States](/source/United_States).<ref name="miller">{{cite web |last1=Miller |first1=William J. |title=Dillon Round |url=https://lawin.org/dillon-round/|date=2016-06-29 }}</ref> The Dillon Round was also agreed by 11 other [Developed Countries](/source/Developed_Countries) and six [Less Developed Countries](/source/Less_Developed_Countries): [Cambodia](/source/Cambodia), [Haiti](/source/Haiti), [India](/source/India), [Israel](/source/Israel), [Pakistan](/source/Pakistan) and [Peru](/source/Peru).<ref name="gtc">{{cite journal |journal= The Economic Journal|volume=84|issue=335|pages=566–575|doi=10.2307/2231040|jstor=2231040|title=Gatt Tariff Concessions and the Exports of Developing Countries--United States Concessions at the Dillon Round|year=1974|last1=Finger|first1=J. M.}}</ref>

Concern was expressed in the US over the potential exclusion by the EEC of traditional trading partners. At the time, the six-nation EEC accounted for one-sixth of US foreign trade, including over one-fifth of US farm exports. The [Trade Expansion Act](/source/Trade_Expansion_Act) was passed as a result of the Dillon Round, in order to "help preserve the economic basis for Atlantic co-operation."<ref name="gkr">{{cite web |title=GATT and the Kennedy Round |url=https://www.cia.gov/library/readingroom/docs/CIA-RDP79-00927A004400090002-5.pdf |archive-url=https://web.archive.org/web/20170123175528/https://www.cia.gov/library/readingroom/docs/CIA-RDP79-00927A004400090002-5.pdf |url-status=dead |archive-date=January 23, 2017 |publisher=Central Intelligence Agency}}</ref>

==References==
{{reflist}}

Category:World Trade Organization
Category:General Agreement on Tariffs and Trade
Category:European Economic Community
Category:History of the European Union
Category:Commercial treaties
Category:Treaties concluded in 1962

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Adapted from the Wikipedia article [Dillon Round](https://en.wikipedia.org/wiki/Dillon_Round) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Dillon_Round?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.