The Torquay Round was a multi-year multilateral trade negotiation (MTN) between nation-states that were parties to the GATT.
This third round occurred in Torquay, England in 1951.
[2] Thirty-eight countries took part in the round.
8,700 tariff concessions were made totalling the remaining amount of tariffs to ¾ of the tariffs which were in effect in 1948.
The contemporaneous rejection by the U.S. of the Havana Charter signified the establishment of the GATT as a governing world body.