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General Agreement on Tariffs and Trade |
Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson | 0.09 sec. |
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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.
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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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I personally believe that it is to some extent an empty threat, and I will explain why In reality, the rich industrialized countries need WTO as they had needed the General Agreement on Trade and Tariffs. |
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