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General Agreement on Tariffs and Trade - Wikipedia
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 … See more
The General Agreement on Tariffs and Trade is a multi-national trade treaty. It has been updated in a series of global trade negotiations consisting of nine rounds between … See more
In 1993, the GATT was updated ('GATT 1994') to include new obligations upon its signatories. One of the most significant changes was the … See more
Following the United Kingdom's vote to withdraw from the European Union, supporters of leaving the EU suggested that Article 24, paragraph 5B of the treaty could be used to … See more
• Aaronson Susan A. (1996). Trade and the American Dream: A Social History of Postwar Trade Policy & Co..
• Goldstein, … See more30 October 1947The GATT was signed by 23 nations in Geneva1 January 1948The GATT was applied on a provisional basis1962–67$40 billion in tariffs were eliminated or reduced1986–94The Uruguay Round began in 1986. It was the most ambitious round to date, as of 1986, hoping to expand the competence of the GATT to important new areas such as services, capital, intellectual property, textiles, and agriculture.1 January 1995The World Trade Organization (WTO) was established after agreement by 123 nations in Marrakesh on 15 April 1994, as part of the Uruguay Round Agreements.The average tariff levels for the major GATT participants were about 22 per cent in 1947. As a result of the first negotiating rounds, tariffs were reduced in the GATT core of the United … See more
Wikipedia text under CC-BY-SA license What Is the General Agreement on Tariffs and Trade (GATT)?
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