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GATT

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
See General Agreement on Tariffs and Trade.
GATT

General Agreement on Tariffs and Trade (GATT). A General Agreement on Tariffs and Trade was signed in 1947 to provide an international forum to encourage free trade, reduce tariffs, and provide a mechanism for resolving trade disputes.

The Uruguay Round Agreements Act was ratified by Congress in 1994 to foster trade by cutting international tariffs, standardizing copyright and patent protection, and liberalizing trade legislation.



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But the time for Lamy to step up to the plate and be a hero is here, according to former GATT and WTO chief Peter Sutherland.
Even though the GATT was founded by an unconventionally diverse set of 23 developed and developing country signatories, (1) it was largely seen as a rich man's club in terms of rule-making procedures to lower tariffs and non-tariff barriers.
En 1992, el GATT (predecesor de la OMC), fallo a favor de Mexico, pero EU no reembolso el dinero.
 
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