274. Editorial Note
On February 8, 1965, the United States and other Contracting Parties to the General Agreement on Tariffs and Trade (GATT) signed a protocol amending GATT to introduce a Part IV on trade and development. The signatories provided that a Part IV comprising three new articles would be inserted after Article XXXV. The agreement also added notes to Annex I of GATT. These additions set forth legal and contractual principles that were designed to facilitate progress of less-developed nations toward rising standards of living and sustained economic development through the growth of their export trade.
For text of a statement by John W. Evans, Chairman of the U.S. Delegation to GATT, on February 8, 1965, endorsing the Protocol, see Department of State Bulletin, March 8, 1965, pages 355–356.
Following acceptance by two-thirds of the Contracting Parties, Part IV entered into force de jure on June 27, 1966. For text, see 17 UST 1977; 572 UNTS 320.
A summary of these developments and a brief analysis of each article of Part IV is in Current Economic Developments, Issue No. 758, July 19, 1966, page 24. (Washington National Records Center, RG 59, E/CBA/REP Files: FRC 72 A 6248, Current Economic Developments)