Rollback

Rollback refers to an agreement among Uruguay Round participants to
dismantle all trade-restrictive or distorting measures that are
inconsistent with the provisions of the GATT. Measures subject to rollback
would be phased out or brought into conformity within an agreed timeframe,
no later than by the formal completion of the negotiations. The rollback
agreement is accompanied by a commitment to "standstill" on existing
trade-restrictive measures. Rollback is also used as a reference to the
imposition of quantitative restrictions at levels less than those occurring
in the present.