Rollback (legislation)

In government and economic contexts, Rollback metaphorically denotes action to repeal, dismantle or otherwise diminish the effect of a law or regulation.

For related uses, see Rollback (disambiguation)

Trade legislation

The term was utilised by the MAI 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 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it would produce a “ratchet effect”, where any new liberalisation measures would be “locked in” so they could not be rescinded or nullified over time.[1]

gollark: No, it's been 2 years or so.
gollark: They get them on monthly plans, I generally (have my parents) buy phones, then have to replace them every 1.5-2 years when they randomly fail in some way, probably because I horribly mistreat them?
gollark: My brother has a Nokia phone and my other brother has a Samsung one, both of which they somehow kept for way longer than me.
gollark: I mean, I generally don't think buying phones based only on *brand* is very smart.
gollark: I've *maybe* made a decision I'm maybe satisfied with, but I haven't actually gone through with it because I remain unsure.

See also

References
  1. Mechanisms for standstill, rollback and listing of country specific reservations Page 3 of note by MAI Negotiating Group chairman, OECD, 15 February 1996


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.