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General Agreement on Tariffs and Trade (GATT)

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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.

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The Agreement on Agriculture (AoA) is a product of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) negotiations (1986-94).
Perhaps most importantly, it stipulated the creation of a new World Trade Organization that would encompass the pre-existing General Agreement on Tariffs and Trade (GATT) as well as the new provisions resulting from the Uruguay Round.
The General Agreement on Tariffs and Trade (GATT) is the result of a conference among national representatives held in Bretton Woods, New Hampshire in 1944.
 
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