Search results
The General Agreement on Tariffs and Trade ( GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas.
Jun 28, 2024 · GATT is a treaty signed in 1947 to reduce trade barriers and promote economic recovery after World War II. It was expanded and replaced by the WTO in 1995, which continues to implement its principles and rules.
- Christina Majaski
- 1 min
GATT was an international trade agreement signed in 1947 to reduce tariffs and quotas among member countries. It was replaced by WTO in 1995, which covers services and intellectual property and has a stronger legal basis and dispute settlement system.
We would like to show you a description here but the site won’t allow us.
May 16, 2024 · General Agreement on Tariffs and Trade (GATT), set of multilateral trade agreements aimed at the abolition of quotas and the reduction of tariff duties among the contracting nations. When GATT was concluded by 23 countries at Geneva, in 1947 (to take effect on Jan. 1, 1948), it was considered an.
- The Editors of Encyclopaedia Britannica
Feb 24, 2022 · Learn about the General Agreement on Tariffs and Trade (GATT), a legal arrangement that aimed to reduce trade barriers and liberalise global commerce. Find out the history, agreements, and differences with the World Trade Organization (WTO) of GATT.
People also ask
What does GATT stand for?
What is the difference between GATT and WTO?
Why is GATT a free trade agreement?
What was the purpose of the GATT?
The General Agreement on Tariffs and Trade is a multilateral trade agreement aimed at expanding international trade and the organization that oversees the agreement.
