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    Question

    GATTis 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. GATT stands for
    A General Agreement of Tariff and Trade Correct Answer Incorrect Answer
    B The General Agreement on Tariffs and Trade Correct Answer Incorrect Answer
    C General Agreement of Tax and Trade Correct Answer Incorrect Answer
    D General Alliance on trade and Tariffs Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    GATT : The General Agreement on Tariffs and Trade, established in 1947.

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