#general_agreement_on_tariffs_and_trade
General Agreement on Tariffs and Trade
1947–95 multilateral trade agreement; predecessor to WTO
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. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis."
Mon 12th
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