Rollback (legislation)
Encyclopedia
For related uses, see Rollback (disambiguation)
In government and economic contexts, Rollback metaphorically denotes action to repeal, dismantle or otherwise diminish the effect of a law or regulation.
Negotiating Group in the 1990s in the context of seeking to enforce legislative progress toward "free trade
". Rollback of trade-protective
measures was to be made compulsory under the agreement.
Rollback (disambiguation)
Rollback may also refer to:*Rollback, a Cold War term for the use of military force to "roll back" communism in countries where it had taken root*Rollback , the operation of returning a database to some previous state...
In government and economic contexts, Rollback metaphorically denotes action to repeal, dismantle or otherwise diminish the effect of a law or regulation.
Trade legislation
The term was utilised by the MAIMultilateral Agreement on Investment
The Multilateral Agreement on Investment was a draft agreement negotiated between members of the Organisation for Economic Co-operation and Development in 1995–1998. Its ostensible purpose was to develop multilateral rules that would ensure international investment was governed in a more...
Negotiating Group in the 1990s in the context of seeking to enforce legislative progress toward "free trade
Free trade
Under a free trade policy, prices emerge from supply and demand, and are the sole determinant of resource allocation. 'Free' trade differs from other forms of trade policy where the allocation of goods and services among trading countries are determined by price strategies that may differ from...
". Rollback of trade-protective
Protectionism
Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow "fair competition" between imports and goods and services produced domestically.This...
measures was to be made compulsory under the agreement.
Rollback is the liberalisation process by which the reduction and eventual elimination of nonconforming measures to the MAI would take place. It is a dynamic element linked with standstill, which provides its starting point. Combined with standstill, it would produce a “ratchet effect”, where any new liberalisation measures would be “locked in” so they could not be rescinded or nullified over time.