General Agreement on Tariffs and Trade (GATT), 1947

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Introduction: “The General Agreement on Tariffs and Trade (GATT), signed on Oct. 30, 1947, by 23 countries, was a legal agreement minimizing barriers to international trade by eliminating or reducing quotas, tariffs, and subsidies while preserving significant regulations.”[1] The GATT intended to boost the economic recovery after the Second World War by reconstructing and liberalizing the Read more…