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What Does General Agreement On Tariffs And Trade Mean?

April 26, 2017Agreement dictionary Education glossary Investment mean tariffs Trade tutorials

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What Does General Agreement On Tariffs And Trade Mean?

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A treaty created following the conclusion of World War II. The General Agreement on Tariffs and Trade (GATT) was implemented to further regulate world trade to aide in the economic recovery following the war. GATT’s main objective was to reduce the barriers of international trade through the reduction of tariffs, quotas and subsidies.