TeachMeFinance.com - explain General Agreement On Tariffs And Trade (GATT)
General Agreement On Tariffs And Trade (GATT) -- Both a multilateral trade agreement aimed at expanding international trade and the organization which oversees the agreement. The main goals of GATT are to liberalize world trade and place it on a secure basis thereby contributing to economic growth and development and the welfare of the world's people. The organization, GATT, has been succeeded by the World Trade Organization (WTO).
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