General Agreement on Tariffs and Trade


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Related to General Agreement on Tariffs and Trade: International Monetary Fund, World Trade Organization

General Agreement on Tariffs and Trade (GATT)

A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries.

General Agreement on Tariffs and Trade

An international treaty, originally written in 1947, intending to establish a framework for international trade, with the goal of the reduction and elimination of tariffs. Its provisions were amended a number of times since its promulgation, but its goals remained the same until 1995, when it was replaced by the World Trade Organization. See also: Doha round.

General Agreement on Tariffs and Trade (GATT)

A 1947 multilateral trade agreement designed to establish rules, reduce tariffs, and provide a setting for a solution to international trade problems. GATT agreements are of particular importance to industries and firms heavily involved in international trade. Changes or even discussion of changes in these agreements can have a significant effect on the prices of the securities of affected companies.

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.

General Agreement on Tariffs and Trade (GATT)

see WORLD TRADE ORGANIZATION.

General Agreement on Tariffs and Trade (GATT)

see WORLD TRADE ORGANIZATION.
References in periodicals archive ?
At the global level, the General Agreement on Tariffs and Trade was completely rewritten and re-ratified in the mid-1990s, and the resulting organization--the World Trade Organization or WTO--was given a broad range of powers to compel member states, including the United States, to accept its rulings on trade policies and disputes.
Pending a study of the ITC rulings, the EC reserved the light to retain the General Agreement on Tariffs and Trade dispute-settlement panel that is investigating the matter.
decided to initiate action under General Agreement on Tariffs and Trade (GATT) Article XXVIII (July, 1994).
At the European Community's request, the General Agreement on Tariffs and Trade (GATT) established a dispute-settlement panel to investigate the matter.
When Sutherland was first called to Geneva to head the General Agreement on Tariffs and Trade (GATT) in 1993, many believed that the multilateral trading system faced collapse.
negotiations on telecommunication procurement and other issues within the Uruguay Round of General Agreement on Tariffs and Trade talks.
complaint that key laws and measures applied by the Government of Japan restrict market access for imported photographic film and paper products under the General Agreement on Tariffs and Trade (GATT) and the General Agreement on Trade in Services (GATS).
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