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Nov 22, 2023

What are the amendment made in colonial trade after the second warld war?

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Nov 22, 2023
After the Second World War, several amendments were made in colonial trade to address the changing global dynamics and decolonization efforts. Some of the key amendments include:

1. The United Nations Charter (1945): The establishment of the United Nations aimed to promote international cooperation and prevent future conflicts. It emphasized the principles of self-determination and equal rights for all nations, including those under colonial rule.

2. The Atlantic Charter (1941): Although not a formal amendment, the Atlantic Charter outlined the goals of the Allied powers during World War II, including the promotion of free trade and the right of all nations to choose their own form of government.

3. The General Agreement on Tariffs and Trade (GATT, 1947): GATT aimed to reduce trade barriers and promote free trade among member countries. It provided a framework for negotiations and the establishment of rules governing international trade.

4. The Bandung Conference (1955): This conference brought together newly independent Asian and African nations to discuss common challenges and promote economic cooperation. It emphasized the principles of non-alignment, self-determination, and the right to economic development.

5. The United Nations Conference on Trade and Development (UNCTAD, 1964): UNCTAD was established to address the trade and development concerns of developing countries, including those that were formerly colonies. It aimed to promote fair and equitable trade practices and provide technical assistance to developing nations.

6. The Lomé Convention (1975): This agreement between the European Economic Community (EEC) and African, Caribbean, and Pacific (ACP) countries aimed to promote trade and development cooperation. It provided preferential access to the European market for ACP countries and included provisions for financial assistance and development projects.

These amendments and initiatives aimed to address the historical inequalities in colonial trade, promote economic development in former colonies, and establish a more equitable global trading system.
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