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The General Agreement on Tariffs and Trade (GATT) was a multilateral agreement signed in 1947 to promote international trade through reducing trade barriers such as tariffs and eliminating discriminatory treatment between trading partners. It served as a provisional governing body until the World Trade Organization (WTO) was established in 1995 to replace GATT and introduce enforceable dispute resolution. GATT underwent eight rounds of negotiations to further reduce tariffs and expand into new trade areas s

Author

Aastha

Language

EN