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General Agreement on Tariffs and Trade |
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General Agreement on Tariffs and Trade (GATT) A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries. |
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He later insisted that freer trade be a key element of postwar planning, which led to the creation of the General Agreement on Tariffs and Trade. Prior to WTO, the General Agreement on Tariffs and Trade (GATT) settled trade disputes. The 1993 NAFTA Treaty states: "The Parties affirm their existing rights and obligations with respect to each other under the General Agreement on Tariffs and Trade and other agreements to which such Parties are party. |
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