Gatt (general Agreement On Tariffs And Trade). This was signed in 1947 by some twenty-three major trading nations including India. The General Agreement on Tariffs and Trade GATT was an international trade agreement.
1 As the first worldwide multilateral free trade agreement the GATT governed a significant portion of international trade between January 1 1948 and January 1 1995. The General Agreement on Tariffs and Trade came into force on 1 January 1948. GENERAL AGREEMENT ON TARIFFS AND TRADE GATT The General Agreement on Tariffs and Trade GATT is a set of multilateral trade agreements aimed at abolishing quotas and reducing tariffs between contracting countries.
A multilateral agreement regulating international trade Aims for substantial reduction of tariffs and other trade barriers and the elimination of preferences on a reciprocal and mutually advantageous basis Negotiated during the UN Conference on Trade and Employment and was the outcome of the failure of negotiating governments 8.
Take Demo Gate economics Study Notes - httpswalink89felbCallwhats app - 73107625927078549303. GATT membership has now gone up to more than 64. General Agreement on Tariffs and Trade GATT set of multilateral trade agreements aimed at the abolition of quotas and the reduction of tariff duties among the contracting nations. A treaty created following the conclusion of World War II.
