GATT

Speech parts

1. GATT - Noun

2. GATT - Proper noun

Meaning

a United Nations agency created by a multinational treaty to promote trade by the reduction of tariffs and import quotas

Synonyms

Hypernyms

Examples

NAFTA and GATT have about as much to do with free trade as the Patriot Act has to do with liberty. Michael Badnarik

Adding a multilateral "most-favored-nation" component to that of reciprocity, the GATT served as a framework for the gradual reduction of tariffs over the subsequent half century. citation. Source: Internet

Although it was designed to serve multilateral agreements, during several rounds of GATT negotiations (particularly the Tokyo Round) plurilateral agreements created selective trading and caused fragmentation among members. Source: Internet

After World War II, the GATT brought tariffs roughly from 50% down to about 4% or less today. Source: Internet

GATT was signed by 23 nations in Geneva on October 30, 1947 and took effect on January 1, 1948. Source: Internet

Bipartisan agreement in Washington in favor NAFTA, GATT, and other multilateral trade deals were never popular with American industrial workers. Source: Internet

Close letter words and terms