Question

GATT (General Agreement on Tariffs and Trade) is??/

Answer 1

General Agreement on Tariffs and Trade (GATT) was a multilateral agreementregulating international trade. 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."

Answer 2

Answer:

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Explanation:

GATT (General Agreement on Tariffs and Trade) is

• International agreement signed in 1947 between non communist nations with the object of encouraging international trade unobstructed by tariff barriers.
• It also an agreement which seeks to achieve it's aim by arranging and encouraging bargaining with the trade concessions between members.

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