was a multilateral agreement established in 1947 whose objective was to liberalize trade by eliminating tariffs, subsidies, import quotas, and the like.

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17-10-2022
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was a multilateral agreement established in 1947 whose objective was to liberalize trade by eliminating tariffs, subsidies, import quotas, and the like.

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-10-29T18:24:14+02:00

The General Agreement on Tariffs and Trade (GATT), which was initially put into effect in 1948, was first negotiated in 1947. After World War II, 23 nations signed the General Agreement on Tariffs and Trade (GATT), which went into effect on objective January 1, 1948.

The GATT was established to facilitate global trade. The GATT was expanded when the World Trade Organization (WTO) incorporated it in 1995. An international agreement that was in place before the WTO Agreement was the GATT 1947 objective. The Havana Charter for an International Tariffs Organization, which was developed during the United Nations Conference on Trade and Employment held in Cuba.

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